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Analysis on #GBPUSD
in yesterday's analysis, I said it is going to be a strong day for the dollar and it was as the bond yield spiked almost 4% in yesterday's trading.
I Was watching GBPUSD market looking for a buying entry, the market did not provide any reason to get in.
looking at the chart I see the divergence between the RSI and the market action which indicated to me the selling is losing momentum.
if the market move to my support level I will then look for a rotation pattern to get in a buy trade with good risk to reward.
Thank you so much for your support.
Check today analysis below⠀
>>“ Only trade when the probabilities of the market going in your favor are greater than it going against you." TradingAxis
Analysis on #GBPUSD
in yesterday's analysis, I said it is going to be a strong day for the dollar and it was as the bond yield spiked almost 4% in yesterday's trading.
I Was watching GBPUSD market looking for a buying entry, the market did not provide any reason to get in.
looking at the chart I see the divergence between the RSI and the market action which indicated to me the selling is losing momentum.
if the market move to my support level I will then look for a rotation pattern to get in a buy trade with good risk to reward.
Thank you so much for your support.
Check today analysis below⠀
>>“ Only trade when the probabilities of the market going in your favor are greater than it going against you." TradingAxis
