GBP-USD Finding Support on PSR?
https://www.tradingview.com/x/f0aDVKzd/
Hello Traders... I am waiting for a possible move to the upside on this pair, given the pending DXY move to the downside. The pair has visited, again, a previous area of support and resistance. On the previous occasions when it did so, price bounced back upwards. If this behaviour repeats itself, then we might end up with this bullish progression. There is also a confluence confirmation from our Fibonacci showing that price as made a deep retracement to Fib 23.6, a traditional turn around Fib level. I am now waiting for price to give a high upon which I can place my trend line. If price closes above the trend line without taking out the low giving that high, then that will be my valid entry. STOP will be at the low of the u turn. Possible TARGETS are marked at Fib 100, Fib 127.2 and Fib 138.2. I hope this little helps. Keep trading traders.
Hello Traders... I am waiting for a possible move to the upside on this pair, given the pending DXY move to the downside. The pair has visited, again, a previous area of support and resistance. On the previous occasions when it did so, price bounced back upwards. If this behaviour repeats itself, then we might end up with this bullish progression. There is also a confluence confirmation from our Fibonacci showing that price as made a deep retracement to Fib 23.6, a traditional turn around Fib level. I am now waiting for price to give a high upon which I can place my trend line. If price closes above the trend line without taking out the low giving that high, then that will be my valid entry. STOP will be at the low of the u turn. Possible TARGETS are marked at Fib 100, Fib 127.2 and Fib 138.2. I hope this little helps. Keep trading traders.
Feragatname
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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.