GBPUSD | New perspective
Updated
In this video, I have explained my plans of taking advantage of a potential bearish momentum.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Note
We are still waiting for the bearish momentum in the form of a breakdown/retest. However, It is worthy to note that the possibility of a reversal move is also possible with the appearance of an inverse H & S structure. If we see a breakout/retest of the neckline, we could be getting ready for a temporary bullish momentum. Stay tuned in for further updates.Trade active
We finally have a bearish signal in the form of a breakdown of the key level we highlighted. We should be anticipating confirmation on lower timeframes nowTrade active
We are not getting overwhelmed with these erratic moves in the last couple of hours as the bearish momentum remains feasible at this point though entry points might change now because of these moves. We are still below the bearish trendline.Trade active
slow and steadyNote
Just as expected; we are locking in some profitGood morning
Trade active
lock in profitsTrade closed: target reached
First TP target achievedGood evening
Trade smart. Trade consciously
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.