Hello Traders,
I come with another analysis on GBP/USD, for the moment we can see that the price is at the same level with the previous high.
What we can expect :
Boring Flat :
- Price retrace from this point and hit the low point (no direction)
Bullish movement till 1.30:
- breakout the previous high, test it and confirmed
- we can expect a retracement because we can see a continuation bullish divergence on MACD (most of the time make a retracement)
This is all i can say for the moment, nice and simple :) .
Leave a like and follow for more ideas!
Enjoy it!
PS : Is my vision, make your own choices.
I come with another analysis on GBP/USD, for the moment we can see that the price is at the same level with the previous high.
What we can expect :
Boring Flat :
- Price retrace from this point and hit the low point (no direction)
Bullish movement till 1.30:
- breakout the previous high, test it and confirmed
- we can expect a retracement because we can see a continuation bullish divergence on MACD (most of the time make a retracement)
This is all i can say for the moment, nice and simple :) .
Leave a like and follow for more ideas!
Enjoy it!
PS : Is my vision, make your own choices.