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GBPUSD Pre Week Outlook 5th Sept 2022

on September 06, 2022

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BTC Thesis. (Please disregard. Thanks)

BTC We have got support on the weekly TF at $19670.96 - $14700.76 which means we are very bullish. We are obviously looking for price to hold these bullish zones. This bullish bias doesn't necessarily mean that we are going to have a major bullish run to the upside chasing targets like $30k. As you have seen several times, lots of indication for a bullish move and then the bears prevail. We have target highs at $25138.18. looking for BTC to clear these areas and possibly give us a retest of those highs for more bullish situations. We also have lows at $17579.73, if price break through these lows, we would like a retest of the lows and look for bearish situations to the downside. JDAMs $21072.98 zones on the daily charts are for short-term shorts. we could see a bit of retracement into $19670.96 and then price moves into the last resort zones. Bullish situations at the last resort would be a break and retest of that LR(last resort) with a p...

Silver Outlook

Major Support at $18. Most ideal trade would be to wait for a break and retest of that area. Regardless we have rejection at $19.75. we will be looking for price to reject that area or a break and retest of that area. Considering the wicks we have expanded to area to $19.53

BNB WEEKLY OUTLOOK

BNB is looking very good as always. We have a bearish zone at $302, so we would be looking for shorts to $234. Overall bullish targets are at $354.

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GBPUSD Pre Week Outlook 5th Sept 2022

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