dchua1969

Awaiting for Pound to show bullish signs

dchua1969 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
After hitting 1.42688 at the peak, it has tumbled down quite a bit.

Let's wait for it to establish a more bullish pattern, a 2nd breakout from the bearish trend OR more downside and gets supported at the yellow dotted line then break out before buying.

Now, I am merely waiting ......
Comment:
added some
Comment:
not good, it went back to the bearish trend line, creating another false breakout. If it hits my stop loss, then I am out .
Comment:
mixed reactions from buyers and sellers
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