This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
GBPUSD Downtrend as shown in weekly and daily chart. Price testing blue downtrend resistance line and also tested the 61.8% Fibonacci retracement level, more potential downside ahead. Initiate short when orange support level breaks. Possible trade: Entry price: 1.23956 Stop Loss: 1.25000 TP 1: 1.22268 TP 2: 1.21181 Cheers!
Note and Remember this idea is technical not fundamentally , According to Techincal , It`s down move 3000 pips and make flag pattern and then it`s down 3000 pips also reached and now flag pattern complete , Now time gbp going up ,,,,,
GBPUSD: GBP continues to hold on to its downside bias failing at the 1.5505 level to close lower on a rejection candle on Tuesday. While it remains below the 1.5508 level and its 200 EMA, our bias remains to the downside. Resistance resides at the 1.5508 level. A violation of here will clear the way for a run at the 1.5550 level. We look to buy the pair at...