GBPUSD technical analysis on 30/03/2020

gbpusd

GBPUSD technical analysis on 30/03/2020

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GBPUSD technical analysis on 30/03/2020

 

Trend directions:

Product: GBP/USD

Time frames:

H4: Up

D1: Down

W1: Down

MN1: Down



GBPUSD Notes for W1 TF
TA methods: EW
The chart in details:
  1. end of b leg in cycle degree;
  2. c leg is now forming;
  3. probably in a flat correction;
  4. b leg is extended to 123.6% fibs, running or expanding flat;
  5. looking for impulsive five wave by lower degrees.

 

GBPUSD Notes for D1 TF
TA methods: EW
The chart in details:
  1. by a lower degree, the first wave was forming, probably will reach the 61.8% level, or higher, then 2nd wave will be looking for, namely a retracement;
  2. 2nd wave retracement should be at 1.22xx or around that level;
  3. 1.25xx should be the end of first wave, keep watching.

 

GBPUSD Notes for H4 TF
TA methods: EW
The chart in details:
  1. at H4 TF it is clearer with the five waves movement now;
  2. 1.2588 should be the end of 1st wave, look at the peak before.

GBPUSD Notes for M20 TF
TA methods: EW
The chart in details:
  1.  reference with the H4 and D1 TF;
  2. trades are now prefer to short for the short term only., next up move should be then the third wave.

 

Trade well!

 

Tradingscenes team

Thông tin thành viên
Forex, stocks, commodities Trader & Markets Analyst. Makkaba Co., Ltd. ST&C

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