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Beadesy

GBPUSD Continuation to the downside

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Beadesy  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Fundamental Analysis
3
0
trendanalysis chartpattern fundamental
High probability that GBUSD will continue downwards.

8h Chart shows the following confluences:
- Overall bearish trend - Lower Highs/ Lower Lows. Price below 180SMA.
- Price hitting a respected downward trend line
- Price hitting a physiological level @ 1.38000
- Price hitting the Fibonacci golden ratio
- Last candle was an Evening Star (although need to see one two more for confirmation).
- USD is bullish
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