GBPUSD is weak and the algo levels worked perfectly, with price capped at PZ and selling off to below support, before price found support and closed near the mid point. IMO price action is bearish and points to further downside, especially with the up move toppish here.
Looking for 1.2801 to hold for the downside. 1.2759 wis a strong support and yesterday's low but once level breaks, expect further downside move to 1.2711.
Could see a bounce off 1.2711 but overall, a bearish close today will lead to further downside tomorrow.
Looking for 1.2801 to hold for the downside. 1.2759 wis a strong support and yesterday's low but once level breaks, expect further downside move to 1.2711.
Could see a bounce off 1.2711 but overall, a bearish close today will lead to further downside tomorrow.
Join me for free on Patreon (www.patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan.
DM me to join my new group to learn all my trading levels and to trade together.
DM me to join my new group to learn all my trading levels and to trade together.