BluetonaFX - GBPUSD Bear Flag FULFILLED!
Hi Traders!
Our bear flag opportunity from earlier today (LINK TO ORIGINAL IDEA BELOW) worked out perfectly and fulfilled our idea.
There was a rally up to the channel resistance, then the bearish momentum came in, and we had a big swing to the downside to break and close below 1.26066. We expected minor support because the market was near the psychological level of 1.26000, but then there was another bear push below 1.26000 to reach 1.25910.
The market now looks to be in another consolidation phase; we will either continue down or move back to the upside to test the previously broken levels as resistance.
Please do not forget to like, comment, and follow.
Thank you for your support.
BluetonaFX
Our bear flag opportunity from earlier today (LINK TO ORIGINAL IDEA BELOW) worked out perfectly and fulfilled our idea.
There was a rally up to the channel resistance, then the bearish momentum came in, and we had a big swing to the downside to break and close below 1.26066. We expected minor support because the market was near the psychological level of 1.26000, but then there was another bear push below 1.26000 to reach 1.25910.
The market now looks to be in another consolidation phase; we will either continue down or move back to the upside to test the previously broken levels as resistance.
Please do not forget to like, comment, and follow.
Thank you for your support.
BluetonaFX
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.