GBPUSD 4H MY VIEW 28TH/08-1ST/09
We close again negative on a WEEKLY Candle on Friday the 25th/08 and break WEEKLY Support of 1.263 which acts now as Resistance.
I expect further decline on Monday to test the daily uptrend/Support line (Greens one on the chart) around 1.2515 - 1.2484 (Which will be a crucial area for BULLS). I do expect to bounce back from here, but only time will tell
My Target if we bounce back to above mention area
TP1 1.2673
TP2 1.2818
TP3 1.309
If this plays out, I will keep adding buys along the way (which will be updated here)
Let's see what the market has for us
Good Luck every one
I expect further decline on Monday to test the daily uptrend/Support line (Greens one on the chart) around 1.2515 - 1.2484 (Which will be a crucial area for BULLS). I do expect to bounce back from here, but only time will tell
My Target if we bounce back to above mention area
TP1 1.2673
TP2 1.2818
TP3 1.309
If this plays out, I will keep adding buys along the way (which will be updated here)
Let's see what the market has for us
Good Luck every one
Komentarz:
Still have the same view, still waiting for this numbers to be tested 1.2515 - 1.2484 which if they hold will make very good entry for week coming
Komentarz:
Still plaid nicely, I can see a bit more deep decline to around 1.2480 bfr we see signs of reversal