#GBPUSD, The downtrend is still here Short

BRITISH POUND / U.S. DOLLARICE

Description

⋅ May 19, 2020 3:13 PM

The pound has reached a resistance line (the average line is moving 100) and it may respond to declines especially that we have not yet departed from the downtrend.
The RSI + Stochastic fully supports the Bear Model theory.
Target: 1.2170

Comments

ProjectSyndicate

⋅ May 19, 2020 5:24 PM

well done, this is good.

xosignals

⋅ May 20, 2020 7:55 AM

@ProjectSyndicate, Thanks! Very happy to receive positive feedback

ayahamood66

⋅ May 19, 2020 3:19 PM

I think it will go bullish because the pair form head and shoulders.

xosignals

⋅ May 20, 2020 7:56 AM

@ayahamood66, The direction is right ...

transparent-fx

⋅ May 19, 2020 3:17 PM

I will be following it for this move

xosignals

⋅ May 20, 2020 7:57 AM

@transparent-fx, A very comprehensive review! Well done