avionnieah

avionnieah Updated 

Looking to enter once breaks breaks and retests the 1.36 psych level to the downside Confluences 1. Equal highs on higher time frame (4hr) 2. Price currently trading in 61.8% retracement zone for higher time frames 3. Bearish Trendline 4. Price is trading below the 200 and 50 EMAs on daily chart Traders comment your opinion on the analysis below Press like if...

avionnieah Updated 

GBPUSD had a clear rejection of the 1.39 level yesterday with high bearish pressure. A HL (higher low) was created with rejection of the 1.3850 midlevel on the retracement and I'm predicting a continuation to the downside.

avionnieah

I am anticipating the break of the 1.37500 midlevel and a push through the 10MA after a bearish engulfing candle on the 4hr chart. There was a clear rejection of the 1.38 psychological level during London session this morning and yesterday price failed to close about the 1.37500 midlevel on the daily chart. If the midlevel is pushed through, I believe the lows...