From my observation, this GBPUSD market, when viewed from the daily, weekely and monthly time frames, seems to still have a big chance for the weaker. So I better wait for the market to go up a little first until the white line I have made, after that if there is a good signal weakening then I open short positions targeting the closest support area. but its own vigilance if the white line is penetrated, then I will analyze it further, but the point is the day I focus on the weakening again.
But if i look at daily chart it still shows an up signal so i think we might still see some up move to recover from long down move of GBPUSD
Anyway,good luck with your trading my friend.
Dear friend I see your post analysis for gbpusd in my opinion gbpusd is now in various position I see the chart in daily time frame in daily time frame gbpusd is continuously in breech position and I hope it will going to more in fall down today so take care for profitable trading
Good Morning how are you and how is your trading.I hope you will be good in your health and wealth.I am Bullish in GBPUSD for last week and i am still Bullish.I think the down move is just retracement and limited.It will go up in the coming week and my 1st target is 1.2750 in this pair.So lets see how market move and react in coming days.
Zahir1986 Trading Journal
Friend, last day the price came at below level and broke 1.2475 price after that they try to rcover his downside movement. Right now the price has started his trend our expecting side. I hope sell trade on gbpusd will make you happy what is our wanting.
Anyway, All the best my dear mate with bright future in this business.
after 3 days the GBPUSD market has weakened, it looks like today has a big chance to weaken again, but before that the market will correct up first until the white line that I have made, after that it will go down even deeper, so that the GBPUSD market will drop back today . so with that analysis I am waiting for a good moment to open sell positions with the next target area support or the white box that I have described.
Anyway,good luck with your trading my friend and i hope you can make a good profit today.