Ethereum Reaches Resistance Level
June 22, 2020
EURMXN About to Reach Resistance
June 23, 2020
GBPMXN CHART PRICE – GBPMXN DAILY
GBPMXN pair has been testing the support level at $27.73 we could expect big movements in the next hours as the bollinger bands get wider, Relative Strength Index is dropping slowly currently at 47% there could be an opportunity to go short if certain conditions meet, price is trading below Ichimoku cloud, which is a good indicator that the price could drop at least to its support level, moving averages also indicate a downtrend. Monitor the RSI levels and if it comes a few points lower then we will have a good indicator that the downtrend is confirmed, make sure to be careful with the take profit levels as it could not actually touch the support level at $27.73, I would place the target level a bit higher than that.
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.
