The GBPUSD pair appears to have made a Cycle Top 3 months ago and the recent rebound is technically a short-term Bullish Leg within a Channel Down pattern that typically follows such Cycle Tops in the past 8 years.
With the 1W MA50 (blue trend-line) already broken, we expect the market to first test the 1W MA200 (orange trend-line) and then Support Zone 1 at least at 1.21000.
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With the 1W MA50 (blue trend-line) already broken, we expect the market to first test the 1W MA200 (orange trend-line) and then Support Zone 1 at least at 1.21000.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.