GBPUSD Fakes out More Buyers.
Hello Guys and welcome to another wonderful day trading the financial market, as we can see on the charts yesterday GBPUSD made the expected LL to 1.2257 area and we saw a 50% fib retracement during the Asian session, we further saw a kind of wedge pattern breakout to the downside after the 50% retracement which signals to me a potential bearish move.
I was able to enter a sell position after the 2nd leg of retracement for another 100pips drop, so we gonna sit back and watch how this plays out.
I was able to enter a sell position after the 2nd leg of retracement for another 100pips drop, so we gonna sit back and watch how this plays out.
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.