GBPUSD possible short
All eyes on this folks, we have falling wedge structure above the support line. The price break trough the support line and now it is being tested. Support has now become resistance. If the price rejects that resistance, which is our fibonacci golden zone, it will most likely continue its downtrend. You can closely watch the price action at M15 to take a short order with the tightest SL. Take profit can be set around 1.34000 which is the daily support area and also a 1.618 leg extension. This is not a signal, it is my technical analysis of the pair. Trade safe.
Comments are welcome.
Comments are welcome.
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