Good morning,
Today is Friday, so it would be better to focus only on short-term setups. GBP is showing bounce right now with two potential setups on daily and intraday charts:
Good morning,
EUR currency doesn't show proper reaction in a row with DiNapoli B&B pattern. It means that we can't consider overall situation there in context of B&B, but it doesn't mean that retracement will not happen. Momentum is still there, we just need to identify the context.
Meantime...
Good morning,
While EUR is still coiling around targets - we keep an eye on GBP again and the progress of the trading setup that we've specified yesterday:
Good morning,
Today we take look at GBP as people on forum ask for update. Overall context looks bearish, but today downside potential looks limited due existence of oversold level around 1.28 area:
Good morning,
GBP keeps our former scenario with two-leg retracement down, but the shape of price action probably will be different as now we suggest that cable should climb a bit higher, somewhere to 1.3350-1.3370 area:
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