Looking at the 100D EMA as a PRZ

14 เม.ย. 2020

GBPUSD keeps pushing higher but the recovery doesn't look very convincing. The daily candles are quite small compared to the average daily range during the downtrend which could indicate a change of trend very soon.

I am looking at the 1.2650-1.28 area as a Potential Reversal Zone(PRZ). A bearish daily candle in this zone could signal that the recovery has ended. If that happens, I will go short.

15 เม.ย. 2020

บันทึก

Big reversal from the PRZ

15 เม.ย. 2020

บันทึก

New idea