GBPUSD Continue the Sell, no reason to stop :)
Updated
Hi traders:
From my last GBPUSD forecast, price indeed push down as expected from the bearish reversal price action.
We see strong impulse down from the double tops, ascending channel, H and S all give us good confirmation for further downside.
Personally I update in my live stream that I took a sell for 3.5:1 RR, and exit the trade before the previous lows.
I wanted to see if price has enough momentum to break the previous lows, and want to see how FOMC will be on Wednesday.
After the new event, we indeed see further downside of the price, breaking the lows of the ascending channel.
Now would be good opportunity to look for further sell setup, if price can correct and form continuation correction. This will confirm another downside move to the next lows.
Thank you
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Comment
Comment
Didnt see any bearish price action, price continue to push higher, no confirmation for entry, no trade.
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