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GBPUSD will retest broken trendline and fall soon
British Pound / U.S. Dollar
Short
GBPUSD will retest broken trendline and fall soon
By MMBTtrader
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Updated
Feb 26, 2021
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Feb 25, 2021
trendline broke and buy pressure pump GBPUSD to this level but for now market start provide rejection near weekly resistance 1.43--1.44
for now 1.4040--14060 would be support that is around 0.50% of Fibonacci retracement too.
we can expect market falling to our targets easily beacuse this strong and fast movement to this level(near weakly resistance) need to rest
Targets:
a.1.4040
b.1.3985
<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>
Feb 25, 2021
Trade closed: target reached
140 pips profit
first target reach for short term traders and higher leverage you can take profit now
1.4036
Feb 26, 2021
Trade closed: target reached
240 pips profit
new trade about GU
Chart Patterns
Harmonic Patterns
Trend Analysis
MMBTtrader
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