1. price went up to retest 1.214 level also fib in play 2. trendline holding also 3rd touch TARGET 1.1952 NEW LOWS
GBPUSD formed a bearish bat pattern didn't hit exactly D point, but good to take short position now SL : 1.3003 TP : Follow arrow
In the last months the GBPUSD has created a Bearish trendline. In the next few days the price might hit this Bearish Trend line and the price should bounce back again.
The price trend show that it will be going up, but the best option to buy still at the 50 to 61.8 fibo retractment point. On the price volume show that the buy is at climax point, and some supply show some selling pressure at supply area. The best option now is to go short and take profit at range 50 to 61.8 fibo. Use good MM at least Risk ratio is 1:1.5.
GBPUSD 4H Short Support:1.28818 - 1.28090 This is not investment advice
GBPUSD breaks!!!! Our zone got wrecked to the downside. We have shorted this pair! See the chart for more info.
JUST SELL AND WAIT 1.03 AND BUY STRONG SUPPORT