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NikaJourney
May 31, 2020 10:57 PM

Was This A Giant Pullback Or Bullish Momentum? 

British Pound/U.S. DollarFXCM

Description

Will the lower low stay intact or will the USD take over and make this pair keep dropping? If the USD takes over, it'll have to break the trendline to confirm the bearish momentum is still intact. So if we return to the trendline, this is what I'll be looking for: a continued drop to the monthly 1.18937 zone.

BULL TPS:
• 1.24148
• 1.25035
• 1.26229

BEAR TPS:
• 1.23033
• 1.22306
• 1.21150
• 1.19224 (this is a stretch TP)
Comments
Trading-Guru
Great job!
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