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It is usually difficult and quite challenging to go with analysis on Mn1. But, as a swing trader, it is the first chart
I want to see, so I can break it down to lower time-frames like Wk1 and D1 for clear price action and then
H4 and H1 for entry.
Here is what my monthly outlook on cable (GBPUSD) looks like. I believe it is either moving with the disjoint channel
and or wanting to conform to the shark harmonic pattern if it breaks the 50 Fibonacci resistance level. One thing
I am certain about is 1.39 - 1.41 level has a key role play in this. Above @1.41, we could see buyers defend the pair upside
and below @1.39, seller could drive it downside again!
This is simply for educational purposes. As a matter of truth, I do not have any long-term position running on it as it
is. Just so we can know where to belong per time and what to do with this info is what I have made available.
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on this assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you
can not afford to lose.
It is usually difficult and quite challenging to go with analysis on Mn1. But, as a swing trader, it is the first chart
I want to see, so I can break it down to lower time-frames like Wk1 and D1 for clear price action and then
H4 and H1 for entry.
Here is what my monthly outlook on cable (GBPUSD) looks like. I believe it is either moving with the disjoint channel
and or wanting to conform to the shark harmonic pattern if it breaks the 50 Fibonacci resistance level. One thing
I am certain about is 1.39 - 1.41 level has a key role play in this. Above @1.41, we could see buyers defend the pair upside
and below @1.39, seller could drive it downside again!
This is simply for educational purposes. As a matter of truth, I do not have any long-term position running on it as it
is. Just so we can know where to belong per time and what to do with this info is what I have made available.
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on this assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you
can not afford to lose.