timmynorin
Short

GBPUSD - Bearish rotation?

FX:GBPUSD   British Pound / U.S. Dollar
A series of lower highs, inside a big triangle / wedge (see daily or even weekly timeframe ) we could see a bearish rotation down to the bottom of the wedge .

Coming from a historically strong and significant resistance area (1.2555) I see a potential bearish ride down to 1.2300 and possibly further. While venturing down I'm looking to lock profit after passing 1.2400.

Anything can happen. Feel free to comment your thoughts.

GBP has been interesting the past few months to say the least.
Comment: Target 1 hit - 95 pips in the bag. Rolling stop loss to break even for remaining position.
Comment: Opportunity to add position

Comments

I see the same as you do... However I am looking for a turn around 1.2514 level
Reply
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