BRITISH POUND- Bears are in control
Hello everyone.
The triangle formation on GBPUSD is broken and as predicted,the price have felled( lower than I Expected).Now, I believe the price will hit the support level of 1.275$ ,then we may have couple of days of range in the market( a final bear flag pattern maybe)and another fall to lower level by the end of the month. I mean we have the perspective, structure and context of a bear market ,So why not.
Unless we have some good news from the government.
Our next support level is 1.275$ on daily and resistance level is 1.289$
The triangle formation on GBPUSD is broken and as predicted,the price have felled( lower than I Expected).Now, I believe the price will hit the support level of 1.275$ ,then we may have couple of days of range in the market( a final bear flag pattern maybe)and another fall to lower level by the end of the month. I mean we have the perspective, structure and context of a bear market ,So why not.
Unless we have some good news from the government.
Our next support level is 1.275$ on daily and resistance level is 1.289$
Kommentera:
25 Apr 2022: today's bar has smaller body 22th bar, its possible to see less momentum in the bear market and less sell pressure in the next 2 days.