Gbpusd has broken a strong trendline which led to a lower low , it made a retracement price is currrently at the 50% fibbonacci level, on our H1 candlestick there is a formation of an Evening star which suggest Bears taking charge, stoploss slightly above the candlestick formation my 1st Target being @1.36111 2nd Target @1.35595 . Risk 18 pips , Reward 80pips , RRR 1:4
Bearish PatternsEvening StarFIPGBPUSDPivot PointsSELLSupport and ResistanceTrend Analysis

Also on:

Disclaimer