GBPUSD Short - 20/1/2021
Hello,
price was rising in a diagonal pattern and completed 5th wave of the Elliot Wave Theory. We can also see a bearish engulfing rejecting the resistance level. DXY (Dollar Index) shows us some bullsih signs and also news for USD are good enough. I would expect price to fall to its support level which fits with the trendline.
Thank you for reading !
price was rising in a diagonal pattern and completed 5th wave of the Elliot Wave Theory. We can also see a bearish engulfing rejecting the resistance level. DXY (Dollar Index) shows us some bullsih signs and also news for USD are good enough. I would expect price to fall to its support level which fits with the trendline.
Thank you for reading !
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