I use market cycles, feelings and experience in order to read charts... This is on top of the different technicals and charting systems.
I can read this chart but the accuracy can be very low as I don't have a feeling of this market and don't know how it behaves...
Please keep this in mind.
I am doing this on the request of one of our followers.
--
GBPUSD Daily Chart Analysis
Basic technicals are bearish:
- Trading below EMA10.
- MACD below zero.
- RSI below 50.
- Downtrend since June 2021.
Potential for reversal:
- Bottom pattern (cup pattern) shows December 2021 (yellow).
- Current higher low in play.
As it is now, we can see a bounce to around 1.3657 or MA200.
If GBPUSD moves below the blue lines, no bounce possible but there is potential now for a move up.
That's all.
I hope you enjoyed the analysis.
Namaste.
I can read this chart but the accuracy can be very low as I don't have a feeling of this market and don't know how it behaves...
Please keep this in mind.
I am doing this on the request of one of our followers.
--
GBPUSD Daily Chart Analysis
Basic technicals are bearish:
- Trading below EMA10.
- MACD below zero.
- RSI below 50.
- Downtrend since June 2021.
Potential for reversal:
- Bottom pattern (cup pattern) shows December 2021 (yellow).
- Current higher low in play.
As it is now, we can see a bounce to around 1.3657 or MA200.
If GBPUSD moves below the blue lines, no bounce possible but there is potential now for a move up.
That's all.
I hope you enjoyed the analysis.
Namaste.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
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.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
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.