themarketzone
Short

Potential Sell Zone could lead to the completion of this pattern

FX:GBPUSD   British Pound/U.S. Dollar
1.52-1.53 is a weekly/daily resistance zone (includes two structure zones).
The 3 SMA line act also as resistance lines.

That zone could lead to a decline that will push $GBPUSD below the major support of 1.5 (or at least back to it).
If $GBPUSD will decline below 1.5, it could continue lower to complete a bullish Bat near 1.47

Tomer, The MarketZone.net

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Comment: GBPUSD is inside the sell zone now.
Comment: Trade reached final target zone
yes, a sell for me
snapshot
+1 Reply
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