Hello traders, Here's my point of view about 
GBPUSD
TECHNICALLY:
From now We've seen a massive bearish momentum last week. This was due to a shift in the US dollar momentum as traders digest the first rate cut of the year. As long as US DOLLAR INDEX remains bullish then there are high chances that the H4 ORDERBLOCK in red holds.
I am bearish as long as dollar is bullish & the H4 orderblock holds. As long as we stay below that area we might reach the previous weekly low.
FUNDAMENTALLY
a change in the US DOLLAR SENTIMENT can invalidate the setup! However, if we stick with the same tone, then US will likely continue bullish in GBPUSD bearish.
You may find more details in the chart!
Thank you and Good Luck! MAKE SURE TO STAY STRICT WITH YOUR RISK MANAGEMENT!
PS: Please support with a like or comment if you find this analysis useful for your trading day.
GBPUSD TECHNICALLY:
From now We've seen a massive bearish momentum last week. This was due to a shift in the US dollar momentum as traders digest the first rate cut of the year. As long as US DOLLAR INDEX remains bullish then there are high chances that the H4 ORDERBLOCK in red holds.
I am bearish as long as dollar is bullish & the H4 orderblock holds. As long as we stay below that area we might reach the previous weekly low.
FUNDAMENTALLY
a change in the US DOLLAR SENTIMENT can invalidate the setup! However, if we stick with the same tone, then US will likely continue bullish in GBPUSD bearish.
You may find more details in the chart!
Thank you and Good Luck! MAKE SURE TO STAY STRICT WITH YOUR RISK MANAGEMENT!
PS: Please support with a like or comment if you find this analysis useful for your trading day.
Transakcja zamknięta: osiągnięto wyznaczony cel
MANAGE YOUR RISK
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
MANAGE YOUR RISK
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.