Daily ascending trendline broken below and came for retest + testing descending trendline as well.
Fib level at 61.8 levels as well
H4 200 ema rejection + Double Top
Lots of confluence to the down side on my side.
GBPUSD broke bearish trendline on all the extreme wicks, plus retested a broken resistance and bounced. Now looking to hold it all the way to the highs or create a new higher high on the HTF.
*This is not a signal* I am personally in the trade and will let it play out for a few weeks.
Rejection from trend line resistance. Nice RR ratio with managed lots. Looking to fill the H4 wick range, however, uncertainty is around the corner with Trump tax cuts that would strengthen the USD and recent visit with Abe.
Overall trend is still bearish, was a nice clear rejection off the trend line resistance and looking to retest 111.600 zone. If broken we...