GBPUSD - NEUTRAL - STRATERGY 1 - WK10CH25
BIAS: NEUTRAL AS PER BELOW ANALYSIS
Bullish Indications:
1) Bullish Trend - Daily, Bullish Trend - 4 Hr, Bullish Trend - 1 Hr
2) Support @ 1.22960
3) Cup & Handle Pattern
Note: Take a Long entry after Horizontal resistance @ 1.24500 & resistance of Rising Wedge is broken and respected at retest.
Bearish Indications:
1) Resistance @ 1.24500
2) Shooting Star & 3 Black Crows - 4 Hr
3) Rising Wedge
4) Double Top
5) Bearish Divergence - 4 Hr & 1 Hr
Note: Take a Short entry after Horizontal Support @ 1.22960 & Support of Rising Wedge is broken and respected at retest.
Thank You!
Bullish Indications:
1) Bullish Trend - Daily, Bullish Trend - 4 Hr, Bullish Trend - 1 Hr
2) Support @ 1.22960
3) Cup & Handle Pattern
Note: Take a Long entry after Horizontal resistance @ 1.24500 & resistance of Rising Wedge is broken and respected at retest.
Bearish Indications:
1) Resistance @ 1.24500
2) Shooting Star & 3 Black Crows - 4 Hr
3) Rising Wedge
4) Double Top
5) Bearish Divergence - 4 Hr & 1 Hr
Note: Take a Short entry after Horizontal Support @ 1.22960 & Support of Rising Wedge is broken and respected at retest.
Thank You!
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