GBP/USD Bearish Bias but Still Room for short term Buyers
Updated
This pair has recently shown some bullish momentum. I think this bullish move is going to end very soon. May be this week, the GBP/USD is going to turn bearish. However, there is still room for intra-day buyers as the pair still needs to rally at least 200 Pips to reach the sell zone.
At 1.3264, the pair will find confluence of resistance.
What are those resistance?
1) 88.6% Fibonacci retracement of a down A-B boundary.
2) D extension of a bearish "Anti Alternate Shark" harmonic pattern.
3) Rising Equidistant Channel resistance.
4) -61.8 Fibonacci target level of the recent up A-B boundary.
At 1.3264, the pair will find confluence of resistance.
What are those resistance?
1) 88.6% Fibonacci retracement of a down A-B boundary.
2) D extension of a bearish "Anti Alternate Shark" harmonic pattern.
3) Rising Equidistant Channel resistance.
4) -61.8 Fibonacci target level of the recent up A-B boundary.
Order cancelled
Entry Criteria Didn't Qualify, but if anyone entered early, could make more or less 300 Pips.
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