GBPUSD Daily Analysis 07 Jan 23
I'm using 4 stages market for my main analyse to see the bigger picture trend
Then Im using pattern ,price action etc as a support for entry.
As you see previously there was huge downtrend on GBPUSD,I named level 4 as downtrend
After that there was sideway till it made inverted head and shoulder pattern. I named level 1 as sideway
Beginning of the uptrend was Breaking the green line.After that I began to find entry BUY
My target is the Yellow Line based on Inverted head and shoulder.
Then Im using pattern ,price action etc as a support for entry.
As you see previously there was huge downtrend on GBPUSD,I named level 4 as downtrend
After that there was sideway till it made inverted head and shoulder pattern. I named level 1 as sideway
Beginning of the uptrend was Breaking the green line.After that I began to find entry BUY
My target is the Yellow Line based on Inverted head and shoulder.
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