GBP/USD_3rd week of Feb 2021_Updated
What information can we get on GBP/USD Chart analysis
1. Daily and 4H timeframe: Price located at the highest point of swing high trendline and above the upper BB of which im not interested to looking for Long position
2. in 1hour TF, Im drawing a minor swing low trendline so that when the price break it, i'll probably looking for a short position and monitor at every fibo/support level in case of price reversal
* its best to look for the price action before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
1. Daily and 4H timeframe: Price located at the highest point of swing high trendline and above the upper BB of which im not interested to looking for Long position
2. in 1hour TF, Im drawing a minor swing low trendline so that when the price break it, i'll probably looking for a short position and monitor at every fibo/support level in case of price reversal
* its best to look for the price action before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension