FosuaForson

COULD WE CATCH 700 PIPS?! GBP/USD Sell 4H view

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
From looking at price action whilst also corresponding with the monthly time frames we can see that
price has made a head and shoulders formation after the initial sell off. Which could indicate further downside movement.

Correlation with hourly charts show 31.8 fib in use around 1.243.

Let see this play out :)
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.