Hi traders,
So after testing the higher time frame trendline GBPUSD made an impulse leg and a correction which formed a double top on the smaller time frame and dropped more then 200 pips!
If you've followed our analysis from last week you should have made some profit.
For this week we will look for a correction to the former supply area which has fib confluence and sell again. We still think that GBPUSD can drop a lot more.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow us, give a like and comment.
This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.
Don't be emotional, just trade!
Eduwave Trading
So after testing the higher time frame trendline GBPUSD made an impulse leg and a correction which formed a double top on the smaller time frame and dropped more then 200 pips!
If you've followed our analysis from last week you should have made some profit.
For this week we will look for a correction to the former supply area which has fib confluence and sell again. We still think that GBPUSD can drop a lot more.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow us, give a like and comment.
This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.
Don't be emotional, just trade!
Eduwave Trading