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WallStreetIntelligence
Aug 8, 2022 5:28 PM

GBP/USD: Continuation of bearish trend Short

British Pound/U.S. DollarFXCM

Description

GBP/USD: Continuation of bearish trend

> Overarching bearish trend
> Bullish correction broken to the downside
> 200er MA + POC above current price
> Bearish Engulfing Trigger + Follow-up candle

Probablity of a short move high. Please manage your risk in the current markets. Markets are very skittish and irrational. We are trading with 0.5% maximum.

Best
Meikel & Team WSI

Comment

Quiet a big pullback, but no HH yet.
Comments
JoeChampion
It makes sense, especially GBP weakness!
WallStreetIntelligence
Feel free to comment and discuss.
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