Retail traders all too often forget overall market trend and they get caught up in the confusion of corrective phases like the one we are currently in. GBPUSD has been so for so long FOR A REASON, and we do not want to ignore that. There is A LOT of money pushing it lower, so we are only looking to trade this pair to the downside. With that being said, we are waiting a break below and close below this blue supporting uptrend with confluence from our forecasting algorithm and a prediction chance of that forecast of 85% or more. If we get these two criteria at once we will have a very high probable setup to execute a short position,
Currently our algorithm is predicting downward movement which halts at the supporting with a forecasting prediction chance of 90%. Therefore we will be monitoring this pair closely to see if we can break this supporting and if the algorithm updates continuing to forecast a downward move upon the break of the support. See the image below for the current algorithm prediction.
If you want to receive accurate forex signals like this one check out http://www.Unique4xPro.com and get one FREE month of our algorithmic signals!
Also follow us on all of our social media:
Twitter @ Unique4xPro
Snapchat @ Unique4xPro
Instagram @ Unique4xPro