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Stargazer_fx
Aug 16, 2022 5:35 PM

GBPUSD - downtrend to continue if breaks below support area... Short

British Pound/U.S. DollarFXCM

Description

GBPUSD
price is following a downtrend channel and price is showing rejection from the upper trendline of the channel, currently price is between support and resistance zone, if price breaks below the support area then after a pullback if price shows rejection, I expect the price to move lower..
And for price to move higher, its needs to break above the channel...





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Comment

Bullish Scenario
Comments
FieryTrading
Great analysis, awesome! 🔥
JoeChampion
Agreed, let's wait for FOMC minutes!
Solldy
Not bad, colleague. I can't completely agree with the analysis shown, but in the current market it's a great idea!
KlejdiCuni
So far so good. Keep up the good work.
Hsan_BenAhmed
good GBPUSD Analysis!
Thanks For Sharing💖
ProjectSyndicate
Thanks for sharing your analysis and charts
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