Forex GBP/USD Daily Video, December 23, 2019

[Sive Morten]

Good morning,

Cable now is forming multiple trading setups on different time frames that should last for few weeks:

 

[Major_Tom]

Hello Sive....new intro music??

 

[soul rebel]

Good Morning Sive, I miss your original intro music already

 

[907]

Hi Sive, Do you think that it is forming a two bottoms (3 by 3 MA) on the 30m chart? Is this a sign to buy GBPUSD?

 

[Sive Morten]

Hi Sive, Do you think that it is forming a two bottoms (3 by 3 MA) on the 30m chart? Is this a sign to buy GBPUSD?

Hm, I do not see yet any buy opportunities. We're just at our support, but not signs of reversal yet.

 

[907]

Hi Sive, do you see any opportunity to open a long position? And at what level will it start to go down again?

 

[Sive Morten]

Hi Sive, do you see any opportunity to open a long position? And at what level will it start to go down again?

Currently, I suggest that it should be somewhere to 1.32-1.3250 area, so, as you can see it is not large room till this level and it is difficult to find good setup for long entry. Theoretically it is possible to keep an eye on pullback to 1.3050 area and see whether any bullish patterns, will be formed there, say "222" Buy.

 

[907]

Thanks a lot Sive.