Hi Viewers,
Hope you are doing good and are safe.
Sharing my analysis for GBPUSD in for upcoming sessions. We will be analyzing it on 1 hour candle.If you check the chart below I have drawn a yellow support line which it has already breached and retested perfectly. If you someone has taken position post retesting then it's a dream entry.
Although it seems thing are not too late and hence I have drawn the "Watch Out Zone" highlighted in below chart. It should spend some time in this zone and then we can see further down fall which is very pretty deep. This can come down very quickly if it breaches the below highlighted zone and need to follow price action if it starts falling beyond the zone to take a good entry.
Hope you understood the details and it will very interesting to track the move further. Do let me know your queries/doubts on this post.
Hope you are doing good and are safe.
Sharing my analysis for GBPUSD in for upcoming sessions. We will be analyzing it on 1 hour candle.If you check the chart below I have drawn a yellow support line which it has already breached and retested perfectly. If you someone has taken position post retesting then it's a dream entry.
Although it seems thing are not too late and hence I have drawn the "Watch Out Zone" highlighted in below chart. It should spend some time in this zone and then we can see further down fall which is very pretty deep. This can come down very quickly if it breaches the below highlighted zone and need to follow price action if it starts falling beyond the zone to take a good entry.
Hope you understood the details and it will very interesting to track the move further. Do let me know your queries/doubts on this post.
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