GBPUSD 04/10
Updated
Looking to short GU on the retest of 1.36000
On the daily timeframe:
-We can see that that 1.36000 has held support on many occasions
- Last week GU broke through the support of 1.36000 indicating bearish momentum.
On the 4H timeframe:
- We can see that the pair is bearish, as it is making a series of LLs and LHs
- The 1.36000 key level falls in-line with the 61.8% fib retracement level
Trade = invalid if bearish momentum is broken
On the daily timeframe:
-We can see that that 1.36000 has held support on many occasions
- Last week GU broke through the support of 1.36000 indicating bearish momentum.
On the 4H timeframe:
- We can see that the pair is bearish, as it is making a series of LLs and LHs
- The 1.36000 key level falls in-line with the 61.8% fib retracement level
Trade = invalid if bearish momentum is broken
Note
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