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VasilyTrader
Feb 26, 2020 6:28 AM

GBPUSD: Bearish Forecast For Today Short

British Pound/U.S. DollarFXCM

Description



bearish tendency still proceeds on GBPUSD.

though we saw a steady bullish movement from 20th of February,
In the long run the picture is prevailingly bearish and the pair has just reached a strong resistance area .

the underlined area gives a perfect confluence of fibonacci levels and structure with falling trendline
+ take into consideration harmonic ABCD formation!

based on that, the forecast for today is bearish and 1.2933 is the first target for sellers!

please, support the idea with like! thank you!

Trade closed: target reached

Target reached, stop to breakeven and trailing stop
Comments
DanielLubbe
Thanks for your recommendation The graph is well explanatory Keep well and a successful trading week for you Thanks
VasilyTrader
@DanielLubbe, thank you Daniel!!!
have a great trading week as well!!!
ValeriZdravkov65
Great forcast!!!!!
TrendlineGod
nice view
wardhere02
Thanks vasily , how about GBPNZD it is rising wedge i think it is bullish forecast because breaks and retest it.
VasilyTrader
Are you also bearish on GBPUSD?
Nursyakirin7
@VasilyPonomarev, yes
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