GBPUSD - On the daily TF, I see this pair going lower to test 1.54 resistance turned support level before upwards continuation to test upside at 1.57. Look out for any bullish price action at the said level.
So hold your ammunition and wait for a better time to enter long.
However, if the 1.54 level breaks decisively, we would have to reanalyze the chart again. The bigger TF sees this pair in sideways movement after breaking down from a triangle. Go to my weekly chart analysis to see this.
If you would like to receive daily updates, do Like my page at www.facebook.com/forexachievers and visit my site at www.forexachievers.com
All the best!
~ Ardy
So hold your ammunition and wait for a better time to enter long.
However, if the 1.54 level breaks decisively, we would have to reanalyze the chart again. The bigger TF sees this pair in sideways movement after breaking down from a triangle. Go to my weekly chart analysis to see this.
If you would like to receive daily updates, do Like my page at www.facebook.com/forexachievers and visit my site at www.forexachievers.com
All the best!
~ Ardy
Founder of www.ProTradersNetwork.com, home of the TMG Titan traders who uses TMG Titans Pro Tools developed by Ardy.
TMG Pro Tools (MT4) includes: TMG Grid Master Pro, Titan Ranger, Grid Calculator, Titan Timer and TMG Livewire Pro
TMG Pro Tools (MT4) includes: TMG Grid Master Pro, Titan Ranger, Grid Calculator, Titan Timer and TMG Livewire Pro