Helloandtrade

Daily SAFE SELL! ABCD PATTERN OFF 61.8 BEAR PATTERN

Short
FX:GBPUSD   British Pound / U.S. Dollar
We have on a daily time frame a sell order that will complete im sure to the 1.27 i usually like to reciprocate the 61.8 to the 1.618 how ever we still are in a bullish trend which will make the trend line and support area a hard area to break and i will expect it to retrace back into bullish before we can break into the 1.618 area which may take some time but i have no doubt that we will eventually get there but we did break previous low which gives us the short term sell for the next couple days, Its a safe SELL!
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.