GBPUSD POTENTIAL LONGS THIRD TOUCH OF TREND LINE 618 REJECTION OF THE FIB UP TREND
GBPUSD TO 1.45000 US DOLLAR LOOKS LIKE ITS ABOUT TO TAKE A DUMP!
This is the entry i actually took, i had multiple positions added after i seen price going into my favour. Just wanted to update you guys from the idea i posted yesterday.
GBPUSD HAS APPROACHED A LEVEL OF FORMER SUPPORT AND NOW RESISTANCE AND ALSO LINES UP WITH WEEKLY FIB!
GJ RECENTLY BROKE THE 141.000 LEVEL, CURRENTLY TRADING AT 141.002. I AM EXPECTING IT TO GO DOWN DUE TO LOOKING AT THE HIGHER TIME FRAMES AND THE UK ECONOMY IS NOT DOING VERY WELL AT THE MOMENT. ON THE HIGHER TIME FRAMES I SEE A DOWN TREND, THEREFORE MY BIAS FOR GJ WILL BE SHORT. IT MIGHT COME UP A LITTLE TO 141.500 OR 141.750 AND THEN POSSIBLY GO DOWN.