Bearish Trend Continuation on GBPUSD
This pair is continuing to show bearish signs by making new lows and we now have a nice trend continuation trade setting up. If get a rally back in to 1.5070-1.5100, It will be a good place to short. The area also happens to be the 61.8 retracement of the recent downward move and I'll also like to see overbought conditions on my RSI before I take this trade. So let's wait and see what happens.
Here's a video of me explaining how I trade a trend continuation trade like this one.
youtube.com/watch?v=qed8R1DKVPI
Here's the link to my weekly video where i gave an in depth analysis of the EURUSD and USDPDY.
youtube.com/watch?v=1lVEVqqU2qc
tradewithme.co.uk
Here's a video of me explaining how I trade a trend continuation trade like this one.
youtube.com/watch?v=qed8R1DKVPI
Here's the link to my weekly video where i gave an in depth analysis of the EURUSD and USDPDY.
youtube.com/watch?v=1lVEVqqU2qc
tradewithme.co.uk
Trade closed: target reached
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