GBPUSD, H4
There are 2 scenarios here.
first, we establish that on H4, we're in a downtrend.
secondly, there is a channel boundary with which price has rallied for a long time.
SCENARIO 1
our first bias with a probability of 70% is for price to break line A to 1.35XX level (23.6fib) and heads on to line B (38.2fib) before coming back to line A there forming a H&S pattern. Then the bulls set in.
SCENARIO 2
we have a downward trend and if price makes a retest of line A, we may be looking at going short until the broken trendline marked beneath.
first, we establish that on H4, we're in a downtrend.
secondly, there is a channel boundary with which price has rallied for a long time.
SCENARIO 1
our first bias with a probability of 70% is for price to break line A to 1.35XX level (23.6fib) and heads on to line B (38.2fib) before coming back to line A there forming a H&S pattern. Then the bulls set in.
SCENARIO 2
we have a downward trend and if price makes a retest of line A, we may be looking at going short until the broken trendline marked beneath.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.