Nico.Muselle
Short

GBPUSD weekly - downtrend continues ?

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
The USD still going very strong in all currency pairs and as long as buying Gold             is not an alternative, I see this bearish trend continue.

Based on structure and ratios, I see a potential AB=CD pattern in the making which would complete around the 0.786 retracement of the last impulse leg. It will however not be a straight run down the hill             as we'll have to break through some previous structure to get there.

Currently the RSI is very oversold, so we can expect a little rally back up into previous structure before trend continuation.

New !!!! Crypto High Tops available now on https://unicornllama.com
Do also check our brand-spanking-new Crypto Sports Edition
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out