Thanks to The Working Trader for bringing this to my attention.
We have considerably bearish GBPUSD news, mentions of a possible rate cut, amongst others...
The technical setup in both daily and weekly charts is clear, downtrend continuation.
My time and price target is ultimately 1.41021, to be reached at or before June 1st.
The entry hasn't been confirmed on the daily, but RgMov is already printing new lows ahead of price action, which is a bearish signal.
I'll update with my entry short.
Cheers,
Ivan.
We have considerably bearish GBPUSD news, mentions of a possible rate cut, amongst others...
The technical setup in both daily and weekly charts is clear, downtrend continuation.
My time and price target is ultimately 1.41021, to be reached at or before June 1st.
The entry hasn't been confirmed on the daily, but RgMov is already printing new lows ahead of price action, which is a bearish signal.
I'll update with my entry short.
Cheers,
Ivan.
Trade closed: stop reached
