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it should be mentioned that the bounce produced a lower high than the previous one. Because of this, we are expecting this pair to fall hard in the near future. In the mean time, we are selling rallies of any substantial amount, as well as selling a daily close below the 0.8000 level.
The sterling has been two-face as it was the mover last week with it's strength. This week it stood out with bearish bias as other currencies ranged.
the pair has been ended it's trading today below of level 1.4100 and that's will lead the movement to down trend to reach 1.4040 , so the selling is suggested with a appropriate stop loss level and targets equal 30 pips at least
as we can notice from the chart , the pair has stated it's trading week under the level of 1.4100 and that's mean that the down trend is expected for this week and the pair might head to 1.4050 and then 1.4000
If a M15 close above 1.4100 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.4000 sell only and do not buy. If price closes back above it again do nothing
The range 1.4100 and 1.4000 is neutral area, any trade done in between is personal decision and not part of this analysis
in this chart we can see that the candle will downtrend , i use ( one hour frame H1 ) so i suppose to sell in this time and make two target the first target at ( 1.40856 ) and the second target is at ( 1.40756 ) and do not forget to make your stop loos at ( 1.42356 ) .
If a M15 close above 1.4200 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.4000 sell only and do not buy. If price closes back above it again do nothing
The range 1.4200 and 1.4000 is neutral area, any trade done in between is personal decision and not part of this analysis
because of the moving under the level of 1.4100 as we can see from the chart , I think the down trend is still standing and the pair might head to 1.4070 and then 1.4040 how ever the pair made any hourly correction
If a M15 close above 1.4200 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.4100 sell only and do not buy. If price closes back above it again do nothing
The range 1.4200 and 1.4100 is neutral area, any trade done in between is personal decision and not part of this analysis
the chart is showing that he pair has succeeded in breaking the level of 1.4100 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 1.4135 and then 1.4170