GBPUSD: The Next Step
The orange line I marked is the support line for the price.
As we can see, the price has been rising for a while. The upward trend was fluctuating, which made all traders nervous.
Would the price follow the support line?
The Bollinger Bands have remained in the same width since the price entered an upward trend. This situation could tell us that the price may not breakout soon.
The volume went low, traders are not confident with either side.
The MACD is about to make a bullish cross, this could be a signal for short time only, let’s say, a small peak.
Let’s wait for more signals.
As we can see, the price has been rising for a while. The upward trend was fluctuating, which made all traders nervous.
Would the price follow the support line?
The Bollinger Bands have remained in the same width since the price entered an upward trend. This situation could tell us that the price may not breakout soon.
The volume went low, traders are not confident with either side.
The MACD is about to make a bullish cross, this could be a signal for short time only, let’s say, a small peak.
Let’s wait for more signals.
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.