GBPUSD
After watching the DowJones, i saw that it is in bullish situation, so the dollar actually is strong in the medium Term.
Technically as I indicated in the chart, the market has a very strong resistance, which may have left the market in long term in a bear market, I am convinced to sell under the resistance that crosses the downtrend being the trendline bearish, and stoploss just above the trend line.
Alternative Scenario : In case the market does not follow my analysis I will buy directly after the break of the downtrend line!
- Timeframe : Daily ( 1D)
Position; Short
After watching the DowJones, i saw that it is in bullish situation, so the dollar actually is strong in the medium Term.
Technically as I indicated in the chart, the market has a very strong resistance, which may have left the market in long term in a bear market, I am convinced to sell under the resistance that crosses the downtrend being the trendline bearish, and stoploss just above the trend line.
Alternative Scenario : In case the market does not follow my analysis I will buy directly after the break of the downtrend line!