FxGeneral876

GPUSD Measured Move Completed

Short
FxGeneral876 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
12
Looking for a bearish reversal after completion of measured move up.
Comment:
Price completed another move down from channel top. Currently looking for a break of channel support.
Comment:
Expecting a 38%-50% retracement back to prior channel support before a larger move down.
Comment:
Price has now pullback to below channel support at .5 fib retracement level.
Comment:
Currently looking for a breakdown.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.