Jamal92

Selling Position - GBPUSD

Short
FX:GBPUSD   British Pound / U.S. Dollar
A hammer candle has formed on the Orange trend line (Resistance) which is big indication for it to go down but keep note that Teresa May will be talking about brexit on a Tuesday which will cause this pair to be volatile in either position but for Monday, I can clearly see it go all the way to the purple trend line (Support) if the resistance line does not get breached.

* Potential for it to go up is possible but due it to it being tested twice and causing it to drop has given me the conclusion for a short