Is it a time to shift direction on GBP/USD?

FX:GBPUSD   British Pound / U.S. Dollar
516 4 1
We could see a possible revesrsal on gbp/usd             . What makes me think for a long on gbp/usd             is the fact that we've seen a solid move down after the break of 1.6114 but never went back up there to test it. I'm more incline to think we'll see that level tested before a substantial move down to 1.5600 area but also there's a chance for the 1.5980/1.6000 area of resistance to hold, and after 1 move up, we can see a shift of direction again, and another set of moves down.

We also have a reverse crown( h&s ) forming at the lows of RSI index, although i'm not following/relying on indicators that much, which if/once formed might be a sign for a reversal of the price.
I do
DonDimadjo synerci_
great :)
Well, if you have followed this idea, you should have ended up with 150+ pips in the end. Anyone?
so far, so good! price's moving just as i pictured last night :-) let's see which route will take on from here :-)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out