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Hi Traders , This is my analysis on GBPUSD I am currently short of a TCP Pattern and see this going lower before breaking to the upside.
Good morning traders,
Here on the GBPUSD, looks like we could see one more drop until a reversal. The drop will only be short term, falling to the 12725.0 level. My stop is placed at 12935.0
Current position on EUR/CAD +45 pips up.
However we have now had the break of this 5 wave triangular structure to the downside so i am expecting more downside momentum to continue.
Daily support at 1.38800 is our next key level, if we break below that we're heading way down to 1.37600.
For more trading info head over to my instagram - Tag in BIO.