GBPUSD: Important Breakout & Bearish Continuation 🇬🇧🇺🇸 Short

GBP/USDOANDA

Description

⋅ Jul 2, 2021 10:16 AM

Hey traders,

Decision is made and bears decided to push GU lower.
The price has successfully broke and closed below a key horizontal structure support.

Now further decline is expected.

Next goal - 1.3685

❤️Please, support this idea with a like and comment!❤️

Comments

VasilyTrader

⋅ Jul 2, 2021 10:16 AM

Are you bearish on GU?

traderNow7

⋅ Jul 2, 2021 11:15 AM

@VasilyTrader, am waiting for a pullback as Daily still hugging the 20RSI. H1 forming a falling wedge and will probably pullback during NFP before sellers come in again

VasilyTrader

⋅ Jul 2, 2021 4:47 PM

@traderNow7, thank you for comment my friend

fx_arena

⋅ Jul 2, 2021 1:32 PM

@VasilyTrader i am very bearish on GU because pound is fundamentally bearish...

waiting for a retest to short the pair...

though with today's NFP, The greenback is now weak and would need fresh momentum to keep the bearish trend

VasilyTrader

⋅ Jul 2, 2021 4:45 PM

@fx_arena, thank you for comment buddy :)

ruthchatz

⋅ Jul 2, 2021 10:35 AM

Lets follow and see i trust you

VasilyTrader

⋅ Jul 2, 2021 4:45 PM

@ruthchatz, thank you for support bro!