GBPUSD currently in a correction phase that doesn't show up any weakened momentum.
it's expected for this correction to be extended correction.
Of course the failure of this scenario is the penetration of the resistance level OR showing distributing of the bearish momentum, only then I'll updated this idea to break even our losses.
Good luck,
To be updated...
it's expected for this correction to be extended correction.
Of course the failure of this scenario is the penetration of the resistance level OR showing distributing of the bearish momentum, only then I'll updated this idea to break even our losses.
Good luck,
To be updated...
Comment:
wait for the market to break above the resistance, like our prediction ...
Comment:
needless to mention, if the market didn't closed higher highs and higher lows, consider of course the bearish direction.
wait for the market to show higher high and higher lows, otherwise we still in our bearish direction: