GBP/USD likely to move down!
Updated
Hey tradomaniacs,
looks like GBP/USD is about to move down right at the current trendline and resistance-zone.
Current USD-Strenght can`t really boost pound against USD and price seems to form a rejection / resistance.
In this case we can sell pound with a nice risk-reward in order to follow the current trend.
Entry #2 would be an alternative entry in case of a fakeout or extended correction.
What do you think?
looks like GBP/USD is about to move down right at the current trendline and resistance-zone.
Current USD-Strenght can`t really boost pound against USD and price seems to form a rejection / resistance.
In this case we can sell pound with a nice risk-reward in order to follow the current trend.
Entry #2 would be an alternative entry in case of a fakeout or extended correction.
What do you think?
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