GBPUSD Short idea

1 cze 2020

Expecting price to stumble and roll down to the downside as it approaches the S/R zone on the 1H timeframe. On higher timeframes we see price stab the 100 ema and then drop , we could experience the same situation in the next couple of days. It is currently in an uptrend, but we are looking for that to come to an end soon as buyers start to take profits at these levels. Looking for price to break the recent low and move further to the downside, as I believe overall it will experience another push the downside on higher timeframes