Support - S1 : 1.5074 | S2 : 1.5036 | S3 : 1.4996
Resistance - R1 : 1.5153 | R2 : 1.5193 | R3 : 1.5231
Main Trend - Bullish
Intraday Trend - Bullish
Analyzing the 4H chart of forex technical analysis for the exchange rate GBPUSD, you will see that the price move upward of Andrew's Pitchfork (Blue lines). This Andrew's Pitchfork is still valid because the price remains below the trigger line (black line). For the better understanding of price action, we design another Andrew's Pitchfork (Crimson lines) and easily we observe that the price close between EMA(50) and EMA(200) and find resistant from the median line.
Considering all the details from the charts of forex technical analysis, we can detect all critical levels and trading targets for H1 and H4 timeframes:
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Resistance - R1 : 1.5153 | R2 : 1.5193 | R3 : 1.5231
Main Trend - Bullish
Intraday Trend - Bullish
Analyzing the 4H chart of forex technical analysis for the exchange rate GBPUSD, you will see that the price move upward of Andrew's Pitchfork (Blue lines). This Andrew's Pitchfork is still valid because the price remains below the trigger line (black line). For the better understanding of price action, we design another Andrew's Pitchfork (Crimson lines) and easily we observe that the price close between EMA(50) and EMA(200) and find resistant from the median line.
Considering all the details from the charts of forex technical analysis, we can detect all critical levels and trading targets for H1 and H4 timeframes:
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