Fxprotrader
Short

GBPUSD Key Level To Watch For A Sell

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
After this massive sell off after the brexit referendum, price broke below a long term corrective structure. Although we may have several buy opportunities in the upcoming week, our main view is that price after a correction will continue it's way south.

A great level where we should watch closer for a sell setup is the 50% fib level of the massive downmove where price will test the lower trend of the long term corrective structure. In addition looking left at that level we may see that we had plenty of action.

On Wednesday i will host a webinar where i will show you how to identify harmonic patterns and how to trade them the right way. Register using the link below:

https://attendee.gotowebinar.com/register/1446690496367655170

Have a nice trading week...
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