Godal Member's, Traders and Aspiring Traders . Todays shared post is on ..
Pair : GBPUSD
Time-Frame : DAILY
Biased : Shorts / Bearish
Outlook: Price action had been consolidating for some time , ranging between the two allocated red zones. Not only did it break out of this range on the down side, a major daily bullish trend has also been broken .Making previous support resistance due to this i will be waiting for price action to pull back and retest the allocated purple circle and with to see if personal entry criteria presents itself for further downside.
Pair : GBPUSD
Time-Frame : DAILY
Biased : Shorts / Bearish
Outlook: Price action had been consolidating for some time , ranging between the two allocated red zones. Not only did it break out of this range on the down side, a major daily bullish trend has also been broken .Making previous support resistance due to this i will be waiting for price action to pull back and retest the allocated purple circle and with to see if personal entry criteria presents itself for further downside.