GBP has reached reversal PRZ based on previous price zones.
If we see bearish sentiment on DXY index then we can look at a long position due to correlation.
Looking for some confluence from fibs & mavs prior to entry.
Additionally perhaps a retest of support,
Also note the bullish engulfind candle seen on the H4 timeframe thus breaking the downtrend. trend.
If we see bearish sentiment on DXY index then we can look at a long position due to correlation.
Looking for some confluence from fibs & mavs prior to entry.
Additionally perhaps a retest of support,
Also note the bullish engulfind candle seen on the H4 timeframe thus breaking the downtrend. trend.