GBP/USD-1-hour analysis
Hello everyone!
-On a 1-hour time frame chart, we can see that the price is moving in a descending channel.
-We can see that bears are in strong control over this pair.
-The price is sitting at the support line of a descending channel and the price is also touching lower band of Bollinger indicator.
-This might be an opportunity to buy BUT right now GBP is very weak on a 4-hour,8-hour, daily and weekly base but on 1-hour base GBP is gaining some power while USD is losing some power.
-I expect further bearish movement because USD is a very strong currency these days.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 1-hour time frame chart, we can see that the price is moving in a descending channel.
-We can see that bears are in strong control over this pair.
-The price is sitting at the support line of a descending channel and the price is also touching lower band of Bollinger indicator.
-This might be an opportunity to buy BUT right now GBP is very weak on a 4-hour,8-hour, daily and weekly base but on 1-hour base GBP is gaining some power while USD is losing some power.
-I expect further bearish movement because USD is a very strong currency these days.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.