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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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
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 ⚔️
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.