DJW1998

GBPUSD - 1H CHART ANALYSIS

Short
FX:GBPUSD   British Pound / U.S. Dollar
Hi everyone,

Please see my GBPUSD 1H chart analysis attached.

As we can see from the chart we have price moving in an overall direction to the downside on the higher timeframes of 1D & 4H, with this being the case we will be looking for sell opportunities.

Price is currently struggling to gain bullish momentum and is forming lots of exhaustion above the candles signifying the bears are keeping a control of the market.

Price is also at the resistance line of the falling wedge which could also give us a signal price is ready to make a move to the downside.

This one is lining up nicely for a sell, go down into lower time frames to look for entries.

DWFX

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