Nov 3 2015: BEARISH GBPUSD DAILY: In shallow down channel
(Analysis Based on DAILY chart)
Observations
1. Price in a shallow short term down channel
2. If price breaks upwards, larger up channel could form
2. RSI close to 50
3. Price just below SR zone
NOTE: Wait for price action to confirm the importance of this level.
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(Analysis Based on DAILY chart)
Observations
1. Price in a shallow short term down channel
2. If price breaks upwards, larger up channel could form
2. RSI close to 50
3. Price just below SR zone
NOTE: Wait for price action to confirm the importance of this level.
If you find this information useful. Please hit the LIKE button.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
Related publications
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.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
Related publications
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.