GBPUSD SWING IDEA - SHORT
Updated
gbpusd just about forming a triple top
It has the potential to create a new range bound market
if so, a likely region to suggest profit level would be the major level of support
A lot of fundamentals occurring at the minute so technical analysis is difficult to predict where this may go, especially due to it being a major currency pair
Nothing I've entered yet, I'm waiting to see if there's any confirmation for a potential reversal such as a bearish engulfing candle on the daily timeframe.
It has the potential to create a new range bound market
if so, a likely region to suggest profit level would be the major level of support
A lot of fundamentals occurring at the minute so technical analysis is difficult to predict where this may go, especially due to it being a major currency pair
Nothing I've entered yet, I'm waiting to see if there's any confirmation for a potential reversal such as a bearish engulfing candle on the daily timeframe.
Note
Currently running 60 pips profit 🔥Note
Yesterday’s candle closed as an evening star too, suggesting further more that a reversal is more likely
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