GBPUSD - 2 High probability areas to SHORT

FX:GBPUSD   British Pound / U.S. Dollar
2 high probability areas of interest to SHORT. Will wait to see how price reacts around those levels and then jump in.


Hi, buddy. I think that was a panic selling on Friday last week for GBP and EUR by fundamental or US whatever, so it looks a breakout or new falling signs etc.. 1.23414 is very strong support and the sold momentum looks like very weak now, also there is ABC pattern starting from 1.2807 resistant ending now. GBP may have a short correction on 1.23414 area, then go up to 1.258 again before it falls. that is what i am thinking
+1 Reply
Thank you for your thoughts, I think 1.245 is going to be they key turning point, I still think we are going to see lower lows coming.
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