It looks
like correction has begun for GBP/USD. The pair formed a doji candlestick in
the 4 hour filter chart, another in the daily filter chart, an inverted hammer
in the weekly filter chart and if one takes a look at the monthly filter chart
they will notice that the pair has reached a multi-year level of support at 1.5000 and I really doubt it will be able to break below it so easily.All these
are very serious signs that correction is about to start, or perhaps even that
the trend is about to reverse. Either way, I think this is a good place to
start buying again.
Well done analysis, thank you.
ReplyDeleteVery good analysis. We are in a important level.
ReplyDeleteI fully agree with your assessment.
ReplyDeleteV shape reversal or parabolic retracement.
ReplyDeleteVery nice analysis! Thank you for the information!
ReplyDeleteInteresting stuff.
ReplyDeleteI agree with your view.
ReplyDelete