Good morning,
My thoughts on GBP/USD:
This pair is getting close to 1.3230 - 1.3300 zone again and diagonal resistance line from the daily chart.
The price is moving inside a range with huge selling pressure lately.
From the 4 hour chart you can see no HH, LH sequence in this particular case.
The zone is getting approached slowly.
Gonna be watching this for potential shorts next week.
Good luck!
My thoughts on GBP/USD:
This pair is getting close to 1.3230 - 1.3300 zone again and diagonal resistance line from the daily chart.
The price is moving inside a range with huge selling pressure lately.
From the 4 hour chart you can see no HH, LH sequence in this particular case.
The zone is getting approached slowly.
Gonna be watching this for potential shorts next week.
Good luck!
Order cancelled
Comment:
Just took a short from the top of the mini range as a second rejection from there. Stop loss above the mini range. This resistance seems to be a problem.
I will update for potential shorts.