GBPUSD

GBPUSD

Note: (MARKET IS REACTIVE AND NOT PREDICIVE)

From a daily perpective, price has clearly broken the support zone and has created a an impulse to the downside .

After an impulse we expect a correction otherwise known as a retracement.

Since market price moves in waves, Price can retest the box before making another impulse to the downside. Making a move to the target of 1.19768
(PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT )

With this over 200 pips can be caught.

Kindly note that there is a downtrend line drawn for easier visuals.

Monitor price action on the 4H timeframe; Entries will be initiated using one hour or four hour timeframe.

(PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT )

Comment:

Hello traders, from analysis few days ago we see price is obeying the market structure.

Hopefully it will continue following the analysis.

Feel free to like, share and drop a comment below.

Trade active:

PRICE HAS SHOWN A MINOR REJECTED AND SEEMS TO BE MOVING DOWNWARDS

Trade active:

PRICE IS DECLINING NICELY AND WHILL HIT THR TARGET IN HOURS.

FIND AN OPPORTUNITY TO ENTER THIS TRADE.

Order cancelled