hmmmpf

GBPUSD idea

Short
hmmmpf Updated   
FX:GBPUSD   British Pound / U.S. Dollar
3
resistance got a huge rejection today, making further down movement plausible. A break of the wedge may open the way to 1.424. A pullback is very likely after such a move, so I expect price to reach for at least .382 fib level. Good luck
Comment:
I may have made a mistake by drawing that wedge. A more accurate trendline is found by connecting the 2016 -04-19 low with today's low. Sorry

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.