GBP/USD_1st Week of April 2021
What can we see Weekly, Daily and 4H timeframe analysis:
1. Weekly: I would love to see a complete correction process at least at 61%
2. Daily: It appears to be a consistent in making a LH & LL
3. 4H: Looks like it appear to be a bearish flag pattern
Ideas for entry:
1. Short entry at the break of the 1st minor support trendline OR
2. Short entry at the break of the key support trendline
* its best to look for the price action at key area or major trendline before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
1. Weekly: I would love to see a complete correction process at least at 61%
2. Daily: It appears to be a consistent in making a LH & LL
3. 4H: Looks like it appear to be a bearish flag pattern
Ideas for entry:
1. Short entry at the break of the 1st minor support trendline OR
2. Short entry at the break of the key support trendline
* its best to look for the price action at key area or major trendline before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension