GBPUSD SHORT THESIS • Weekly: Price is currently in a bearish trend with price forming lower highs (LH) & lower lows (LL). Price pulled back during the retracement phase and tapped 1.3300 monthly resistance and is now on its way down to 1.2550 weekly support during expansion phase. • Daily: This week has been a very bearish week as price strongly broke...
4hr: Price is currently in a strong bearish trend CHANNEL with price showing a series of lower highs (LH). Price broke through 1.28726 level of support and made its way down to 1.2800 support and closed as a pin bar. I do now expect price to rally back up to 1.28726 (support turn resistance) to form another lower high (LH) once that level is reach we then go...
EURUSD SHORT THESIS • Weekly: This pair just like GBPUSD is in a strong bearish trend forming a very bearish lower low with price falling to 1.1300 rejecting off it and retracing up to 1.1850 weekly resistance. Another reason I believe this is bearish is because price is currently below both moving averages and is constantly respecting and rejecting off it. I...