3 confirmations
Price at monthly low
Price at support level of “current” downtrend and our “overall” uptrend
Price also at major demand zone
You can make good money out of this if your entry is clean.
Lastly, Just to lay it out there, the news will also play a major role as GBP is anticipating high impact news by morning. Klems
MY REASONS
bearish divergence with macd
supply zone which has been retested atleast twice
will be hawking for sells either by the end of the current 4hr frame or when price retest last week high.
All contributions regarding this pair are warmly welcomed.
1-trendline tells price is heading for its habitat
2-price already tested a major supply zone(theres also a possibility of a restest before the sell )
3-price closed at 0.618 region from recent high and low.
*additional confirmation; take a look at DXY chart
All charts on 4hr
