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neilharveyg

GU - Area of Technical Confluence

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Libra Esterlina/Dólar Americano (FX:GBPUSD)  
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FX:GBPUSD   Libra Esterlina/Dólar Americano
Trend Analysis Fibonacci Support and Resistance GBPUSD gbpusdlong longterm swing neilharveyg
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trendanalysis fibonacci supportandresistance gbpusd gbpusdlong longterm swing neilharveyg
Last week's price action bounced off again from a technical area of confluence (61.8% Fib level and a Slope support) But one thing we should be wary about is the reaction of price action on the 200ema. The last time price action touched it, it started a total sell-off. Just an advice, manage your trades properly. I will update this idea if it has been invalidated.
Comentário:
MY USD Bias Would still be bearish until the February High resistance is broken and then retested as a support. The next immediate resistance is the Monthly PP which was rested last week but bears are still on the look out. And if you observe the candles on the 1H TF, so many bull exhaustion.

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