stockmarketdaytrader
Short

There might be a drop in the making

FX:GBPUSD   British Pound / U.S. Dollar
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I have set up a 4 point break, if price action breaks all 4 points then prices will drop! We have other indications from other time frames telling us prices will drop! 123 has been formed! I can see macd negative divergence occurring, that's supporting a drop in prices! Price action found resistance at a pivot point level, only one way to go, and that's down, not up!
Comment: I can see a head and shoulders formation that's supporting a drop in prices, confluence of events has occurred, we still wait for the breaks to get into a position!
Comment: load up folks, were about to go
Comment: Trading on pure technical analysis, nothing like it in the world !!!

Check out my next tech analysis trade soon!
Comment: If you know that your Technical Analysis is solid, then there is nothing to worry about, prices may turn around for a minute or 2, but it will complete the task of its own rules, which is the currency market is driven and govern by Tech Analysis!
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