Evening Traders,
Today’s analysis – GBPUSD – trading below its Local S/R where a bearish expansion is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Resistance
(.50 Fibonacci Confluence)
- Swing Low Objective
- Low Volume
GBPUSD’s immediate price action is impulsive, trading below its Local S/R that has technical confluence with the .50 Fibonacci, allowing for a short bias.
The Swing Low is the current objective, exceeding this level will increase the probability of a down trend.
Current volume profile is below average, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, GBPUSD is a valid short with defined risk, price action is to be use upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
Today’s analysis – GBPUSD – trading below its Local S/R where a bearish expansion is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Resistance
(.50 Fibonacci Confluence)
- Swing Low Objective
- Low Volume
GBPUSD’s immediate price action is impulsive, trading below its Local S/R that has technical confluence with the .50 Fibonacci, allowing for a short bias.
The Swing Low is the current objective, exceeding this level will increase the probability of a down trend.
Current volume profile is below average, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, GBPUSD is a valid short with defined risk, price action is to be use upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
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Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Stay sharp, trade smart.
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.