FullTimeTrader
Short

GBPUSD-two patterns at play

FX:GBPUSD   British Pound/U.S. Dollar
1324 5 21
Looking at W1 chart this pair is touching a strong resistance and the 55 EMA
snapshot


At H4 chart there is a bearish crab almost completed:
snapshot


On D1 chart:
- bearish shark
- macd bearish divergence
- EW wave 5 (not shown)
- R1 pivot resistance

I expect a pullback at least to the 0.38 fib retracement

Best regards
tcas
2 years ago
I think 1.57600 good level for sell.
+1 Reply
FullTimeTrader tcas
2 years ago
hello, yes its somewhere between that zone
Reply
IvanLabrie
2 years ago
Thanks, more power to my short gbp thesis...tomorrow will be the day.
Reply
shayalmathew
2 years ago
Thanks for nice chart, As we saw all fundamentals and political atmosphere good for GBP, how we can expect another big fall again ?
Reply
Same boat.
Reply
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