I am new to trading and recently started to publish my analysis. Any advice or feedback is welcome via comments or in the chat. Looking for opportunities to learn new information & techniques.
I have done some analysis on the GBP/USD. The analysis has been done on the 4 hour candlestick chart.
I think that it is a Bullish trend, but at the moment it has just hit the top resistance zone therefor on a retracement but when it hits the blue trendline it will be a buying opportunity. I have noticed a inverted hammer (on 14/3/2019 @ 6am) signalling a downtrend but I think that it will head towards the blue trendline and head back up.
I have done some analysis on the GBP/USD. The analysis has been done on the 4 hour candlestick chart.
I think that it is a Bullish trend, but at the moment it has just hit the top resistance zone therefor on a retracement but when it hits the blue trendline it will be a buying opportunity. I have noticed a inverted hammer (on 14/3/2019 @ 6am) signalling a downtrend but I think that it will head towards the blue trendline and head back up.