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Jamal92
Jan 14, 2017 4:03 PM

Selling Position - GBPUSD Short

British Pound/U.S. DollarFXCM

Description

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
Comments
asapr
hahahaa yesyesssssss see that!
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