There was a bearish engulfing pattern yesterday, which covered the past 3 days. Now it can be argued where the necessary support area is. However there is a clearly a move which has been taken by the bears in this case. Can expect resistance at 87.188 area or 84.650
Entered long last week after a demand signal appeared on the weekly & daily TF but so far hasn't been profitable. Questioning whether I should exit when the markets open or let it ride and see what happens?
There is a possible supply zone about to form on the weekly chart for the GBP/USD pair. As you can see on the Daily and 4 Hourly chart that there have been numerous supply zones formed. Prepare to short next week