GBPUSD October Outlook

2021년 10월 4일

On the large scale, The overall Trend is still Bearish.

However I do expect the strength of USD to drop for a few days to fill in the imbalance of the previous bull run on the DXY;
https://www.tradingview.com/chart/DXY/Do0FGmgj-USD-Strength-DXY-Forecast/
Thus, I will expecting a retracement towards the area around level 1.36000:

Confluences at level 1.36000:

• Previous Flip Zone (Red)
  
• Fib Golden Zone (50%-61.8%) (Gold)
  
• Test of long-term bearish trendline
  
• Level 1.36000
  

Entry Criteria (Best with 3 or more confirmation):

• Break and retest of counter-trendline (Red)
  
• Retest of golden zone (Gold)
  
• Retest of Flip Zone (Red)
  
• Retest of Level 1.36000
  
• Bearish Structure
  
• Bearish candlesticks
  
• Moving Average Crossover
  
• DXY shows strength on a retest of support