Forex GBP/USD Daily Video, December 18, 2019

[Sive Morten]

Good morning,

GBP forms multiple trading setups of different time scales:

 

[soul rebel]

Hi everyone
I've noticed that cable has dropped towards support area as defined in Sive's video following the BoE announcements earlier today. I'm getting ready to go long and looking for a suitable entry anyone else considering the same? Thanks.

 

[Sive Morten]

Hi everyone
I've noticed that cable has dropped towards support area as defined in Sive's video following the BoE announcements earlier today. I'm getting ready to go long and looking for a suitable entry anyone else considering the same? Thanks.

Hi mate, indeed, GBP stands at our major daily support. Now we need just one thing - clear bullish reversal pattern on intraday chart... Hardly we will get it today, probably next week.

 

[soul rebel]

Thanks mate