My thought on GBPUSD:
A nice beautiful red candle next week to break the 1.28174 region downwards which price had just come to retest. Once and if broken, we ride down all through the month of December.
I think because price is seating comfortably above my golden zone of 1.28174 region, we "might" have some hard time breaking it downwards.
But again, if we check how quickly and strongly price broke through it, it might just also break through strongly after just a little consolidation.
Let me know what you think
A nice beautiful red candle next week to break the 1.28174 region downwards which price had just come to retest. Once and if broken, we ride down all through the month of December.
I think because price is seating comfortably above my golden zone of 1.28174 region, we "might" have some hard time breaking it downwards.
But again, if we check how quickly and strongly price broke through it, it might just also break through strongly after just a little consolidation.
Let me know what you think
