BlackPipper

GBPUSD: Potential Reversal OR Sell the Breakout!!!!!!

FX:GBPUSD   British Pound/U.S. Dollar
6 months ago
After hawkish FOMC, the pair formed h4 bearish candle with small body and long wick followed by another bearish candle (could be called pinbar) and the price has reached the previously formed double top i.e. 1.4565 as well. If the price sustains above 14565 then this could be the mere correction after strong bullish trend . However, if th price breaches and forms new low, we ill be interested to short the pair provided its peer pairs breaking lows and the potential technical levels as well like oversold oscillators and key figures.
6 months ago
Comment: The price has reverted back to our defined box. Now any break below 1.4550 can lead to 1.45 and low.
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