GBPUSD on the high timeframe breaks through strong support and begins to decline, thereby renewing the local minimums. What to expect next?
On the chart I have marked a downtrend, the price is testing the support zone and GBPUSD is strengthening. I assume that the price is headed towards the target of 1.20289 (volume density zone). This liquidity zone can be tested by a false breakdown, and the price should enter the resistance zone, from where the pound can continue its fall.
I assume that in the nearest future the price will enter the resistance zone, but will not be able to break through the resistance. I expect the decline from the level of 1.20289. Short-term target - support 1.19400, medium-term target - support 1.1878.
Regards, R.Linda!
On the chart I have marked a downtrend, the price is testing the support zone and GBPUSD is strengthening. I assume that the price is headed towards the target of 1.20289 (volume density zone). This liquidity zone can be tested by a false breakdown, and the price should enter the resistance zone, from where the pound can continue its fall.
I assume that in the nearest future the price will enter the resistance zone, but will not be able to break through the resistance. I expect the decline from the level of 1.20289. Short-term target - support 1.19400, medium-term target - support 1.1878.
Regards, R.Linda!
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Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
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המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.