GBPUSD multi-timeframe analysis
מעודכן
Here we see that Cable has been in a downtrend for a long time
Post corona: it tried to break this but failed
I am seeing a lot of similar scenarios
We had a bust and boom, time for another bust?
Let's walk through the timeframes on this Action - Reaction chart
TRADE AT YOUR OWN RISK
G.R.I. Dec '21
Post corona: it tried to break this but failed
I am seeing a lot of similar scenarios
We had a bust and boom, time for another bust?
Let's walk through the timeframes on this Action - Reaction chart
TRADE AT YOUR OWN RISK
G.R.I. Dec '21
הערה
הערה
15 year downtrend, false break out post coronaהערה
on the weekly we see the drop came with bearish divergence at a key resistance levelplus it would seem price and momentum have yet to bottom
הערה
on the daily timeframe we see momentum is accelerating to the downside but the rsi is trying to bottom- i favour an initial move up this week followed by the move to the balance point shown on the daily chartהערה
הערה
The chart this week will be defined by the outcome of the BOE monetary policy meeting on thursday. On balance I would favour a move up/sideways till then then a run at our 1.27 target
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