GBPUSD_Waiting for further valid signals
GBPUSD_Waiting for further valid signals
Main trend of cable is still bearish. The downward trend was built first with rectangle pattern then it was broken to push the price to the lowest level. A second rectangle was then built since Jan 2015 and has been triggered to reach the upside. The upside has been then rejected twice by Ichimoku cloud and the 1st drawn projected trend line in yellow.
What for scenario can we expect from this? both long and short we prefer to. Long and short levels according to the depicted chart in details.
Trade well!
Makkaba team
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