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
I think 1.57600 good level for sell.
+1 Reply
hello, yes its somewhere between that zone
Reply
Thanks, more power to my short gbp thesis...tomorrow will be the day.
Reply
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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