Yes today gbpusd show on bearish candle, but might still move on hourly timeframe till newyork sessin later, maybe this wave only temporary if using weekly timeframe as trigger analysis
Looking at the chart again, prices closed higher than previous high and also with higher low - bullish engulfing, indicating that market makers decided to resume upmove. GBPUSD is not in bearish sentiment anymore, it's in bullish sentiment now.
Yes maybe, I see on daily timeframe also still having tendencies to bullish trend confirmed, but today movement seems still in range previous daily and from high to low move less than 100 pips tioday no news high impact released so it might making pair move still in usual movement
Warning: better not trade GBPUSD today. There is highly important news today and, highly likely, there will not an intraday trend today, but a process of transition from bearish sentiment to bullish sentiment and you might lose big if you trade today.
GBPUSD move on bullish trend already if look on the chart and reading from range indicator already this pair move more than 149 pips from high to low but now hourly trend in correction time
Yep, I now clearly understand this daily rocket pattern now. I had feeling that it could appreciate so much but I had to be sure. So next time, I won't miss out. Forget about the correction, another round of appreciation will happen today
I have initiated a long position ...I am kinda anxious cos it's still not London session, but looking at the yesterday's bullish engulfing candle pattern, it looks like it will appreciate from where it closed yesterday. I hope I've bought it at the bottom price.
Today movement this pair still continue bullish, until now on newyork session range movement reached 100 pips already, I am hear if the fed will rise interest rate on june.
no no bullish, GBPUSD is deprecating ... I will initiate a short once I find a right entry (lower high), sleep and check tomorrow morning New Zealand time.
Maybe you right, today this pair move on hourly timeframe with lesser volume transaction, seems in correction time, and different with eurusd on today that move on bullish strong