In this series we provide daily overview of Major pairs and our preferred direction for day :
Price is still trending in ascending channel , with possibility of breaking below because of below expected GBP news , but technically we are still long in gbp since it is still above support area ,
Looking at chart we would be waiting for 1 hr or 4hr ( prefered) candle close , if it closes below channel line , then we will be waiting for bounce back from support for long opportunity.. In case of daily close below support we may consider short in this pair tomorrow..
For now buy in dips is our favourite.
Price is still trending in ascending channel , with possibility of breaking below because of below expected GBP news , but technically we are still long in gbp since it is still above support area ,
Looking at chart we would be waiting for 1 hr or 4hr ( prefered) candle close , if it closes below channel line , then we will be waiting for bounce back from support for long opportunity.. In case of daily close below support we may consider short in this pair tomorrow..
For now buy in dips is our favourite.
