Mixed GBP/USD

26 de abr. de 2020

Monthly charts currently a red indecision candle between SR area for the month 1.22175-1.25870 Price has rejected from this area and created wide swings on 2 separtate occaasions meaning price could do the same thing here but not broken above 1.25870. On the weekly charts price has rejected the 1.22175 area but has not broken above monthly resistance. Since the week just started no additional info on the current candle. Meaning this could be a move that takes time to set up on the daily price is currently in the 61.8% on the fib tool but a show the currently candle breaking the daily short term trendline. Since price is consolidating between these area no trades will have a dominant buy or sell bias until it has broken above either monthly SR lvl for the daily charts

26 de abr. de 2020

Nota

Possible Pivot Entry long price has broken daily trend line I will enter at rejection of pivot and comfirm uptrend on lower timeframes before buy entry