GBPUSD Short Term Sell Idea After Bearish Trend Pattern
Zaktualizowano
H4 - Price is bouncing lower from a key resistance zone formed by the 100% Fibonacci expansion level of the first wave and the 61.8% Fibonacci expansion level of the second wave.
Bearish divergence.
Price still has room lower towards the key support zone formed by the 38.2% - 50% Fibonacci retracement levels of the bullish trend pattern.
H1 - Bearish trend pattern.
Until the strong resistance zone holds my short term view remains bearish here.
Bearish divergence.
Price still has room lower towards the key support zone formed by the 38.2% - 50% Fibonacci retracement levels of the bullish trend pattern.
H1 - Bearish trend pattern.
Until the strong resistance zone holds my short term view remains bearish here.
Uwaga
The short-term bearish move happened exactly as I expected it to!
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