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Gbpusud

GU 4hr supply zone has held, pushed Price downwards and broken the upward trend channel that has contained Price movement since last week. I have a chart pattern which correlates with the current Price movement in play which signifies that we have enough momentum to see 1.2511 today with the help of NY PMI news or probably this week. 3 Points rejection on a 4hrs supply zone plus DXY taking a turn for the upside, I would advise looking for selling opportunities. First target is 1.2511 I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
Short
by owlswift_fx
GBPUSD Ascending Channel Trend Angle Analysis #2Welcome to my second trend angle analysis for GBPUSD. Previous trend angle buy analysis was a huge success. Presented is a 1hr sell analysis within an ascending channel. Within my set chart dimension the trend angle sell off top channel resistance is around 21-22 degrees. Given continuous pattern I sentiment a bottom channel support retest which lines up with our established support at 1.39500. Currently we may see a slight pullback to dive back into our sell off to bottom support channel. A breach of top channel resistance tells us a significant long-term continuation in play to set a night high, passing our April 2018 highs. Our current indicators sentiment a sell off of some sort. MACD/SIGANL completing a diversion to shoot for the 0 line. Our RSI is looking to drop for a reset to enter back into the overbought zone once we have a bottom support retest. Attached is my previous analysis using this strategy. Please comment with thoughts and ideas. Thank you.
Short
by Pika7993
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