GBP/USD - ANALYSIS - @TradersLounge.US
Hello, everyone! Here's my analysis for GBP/USD!
Price has just reached support on the Daily. We've seen consistent moves to the downside for this second half of January. These next few days should give us a clear outlook on how the market is going to react to this 1.34xx area. Also, a new monthly candle will open on Tuesday!
Here's what I''ll be on the lookout for:
4H/2H - Bear flag is forming so I'll be looking to trade accordingly. If bear flag fails, I'll look for higher lows and for price to break our previous lower high at the 1.35xx area in order to take buys.
Let me know what you see on GU! #HappyTrading
Miajah
Lead Trader @ Trader's Lounge
Price has just reached support on the Daily. We've seen consistent moves to the downside for this second half of January. These next few days should give us a clear outlook on how the market is going to react to this 1.34xx area. Also, a new monthly candle will open on Tuesday!
Here's what I''ll be on the lookout for:
4H/2H - Bear flag is forming so I'll be looking to trade accordingly. If bear flag fails, I'll look for higher lows and for price to break our previous lower high at the 1.35xx area in order to take buys.
Let me know what you see on GU! #HappyTrading
Miajah
Lead Trader @ Trader's Lounge