XXXTentacion JournalGBPUSD from 1.2560 price area which would be now very difficult for GBPUSD to go above it and mostly probably soon it will be breaking to the downside below the 1.2400 price.
Benzone (04-03-2020), Unregistered (1)
Well i guess you are following the wrong trend in this GBP/USD its clear and properly showing the down trend it rejected the areas above the 1.247 and now it is marching towards the down side and the bears are more taking potential it will make stop at nears the ranging trade support at the 1.19000 so next week will also be going to the bearish favor.
Thread:FOREXGURU5s TRADING JOURNAL
This setup will be for the start of next week as we are coming to market closure for this week.
On GBPUSD we have seen a break of the triangle pattern and also a break of the key support level .
Also we have broken the 1.23 handle. We will wait for price to retest the new resistance level before going in short.
Malik999's Trading journal
Hello Great Forum Members ,
This is my analysis on AUD/USD for this Week ;
There was a pullback on this pair that terminated with high of 0.6213 ,the Week that passed appeared bearish establishing a sure sell signal , A closer look at the chart show us this bearish movement will continue today .The first H4 BEARISH CANDLE marks the beginning of this sell ,all things being equal ,the high of 0.6049 may not be altered for today because the high of H1 candle already rejected buy . With your S/L AT 0.6049 ,YOUR ENTRY point is about now 0.6015 ,your T/P at 0.5780 especially for long term traders , Sit back and relax ,enjoy a bountiful harvest of pips this week .