英鎊 / 美元看空
GBPUSD - SELL Chances after corrective move
Market is in Bearish Trend, DXY is Bearish, however, BXY is taking corrective move due which market has taken correction till 0.5 FIB level which is also a strong 4H Resistance level.
Currently market is testing TREND LINE resistance and FIB LEVEL and 4H RESISTANCE. if market breaks above 4H resistance it will be my first HH and entry can be taken on HL. most chances are that market will continue bearish trend. Also, BEARISH rectangle pattern is forming.
Now, TWO Entry Points for BEARS:
Entry 1 @ current market price based on candle stick pattern if gets rejected from resistance level. in this case 1st TP would be neck line. Entry 2 would be break of neckline and projected TP2 is mentioned.
Currently market is testing TREND LINE resistance and FIB LEVEL and 4H RESISTANCE. if market breaks above 4H resistance it will be my first HH and entry can be taken on HL. most chances are that market will continue bearish trend. Also, BEARISH rectangle pattern is forming.
Now, TWO Entry Points for BEARS:
Entry 1 @ current market price based on candle stick pattern if gets rejected from resistance level. in this case 1st TP would be neck line. Entry 2 would be break of neckline and projected TP2 is mentioned.
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