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Skandhatrade

#GBPUSD approaching Resistance Area , the potential a Drop!

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Skandhatrade  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD gpusdshort Forex forextradingzones
2
0
trendanalysis harmonicpatterns chartpattern gbpusd gpusdshort forex forextradingzones
#GBPUSD Price is trading the Resistance Area and it is also react the 4HR resistance so it is possible to a drop And the price also possible to down and touch the 50EMA shooting star candlesticks will formed in resistance area

Why we like it:
Price Trading in Resistance area
formed shooting star candlestick pattern
Attend the 90% fib level
Retrace the price and expect to touch the 50EMA


1st support:
1.37655
Next Zone area & horizontal swing Low support

2nd support:
1.36960
Zone area & horizontal swing Low support

1st Resistance
1.38649
Zone area & horizontal swing high resistance
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