Yesterday's (tradingview.com/chart/GBPUSD/tgkCv4Ea-19102023-GBPUSD/) level worked well. I said I was more biased short but asked only to short at 1.2180/88. Market came down rather slowly, rallied back to OP and failed, hitting the lower support level at 1.2090 before giving a rally of 100 pips to 1.2190 which is our sell limit before it came down 60 pips.
Daily candle closed with a doji which signify indecision. What is probably interesting is the commodity currencies (AUD, NZD, CAD) was weak against USD, but EUR was up strongly. With GBPUSD with a doji, what is the next direction.
With price below the BZ, I will go with a move lower. Price is now below PZ, but I will like to look for a spike and rejection off 1.2176 max for a move to 1.2090 and even 1.2066.
Daily candle closed with a doji which signify indecision. What is probably interesting is the commodity currencies (AUD, NZD, CAD) was weak against USD, but EUR was up strongly. With GBPUSD with a doji, what is the next direction.
With price below the BZ, I will go with a move lower. Price is now below PZ, but I will like to look for a spike and rejection off 1.2176 max for a move to 1.2090 and even 1.2066.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.