miansamiudin

miansamiudin

As you can see price rejected from trendline and support and its been moving in trend lines.

miansamiudin

As we can see price once rejected from current resistance AND then also retracing from resistance but buyers are weak as compare to sellers so there is chance price will drop

miansamiudin

As Price Retest resistance three times so this here is chances that price break resistance level

miansamiudin

As Price retests support 2 time so there is chance this time supports break and it will fall

miansamiudin

As it is moving in trend line so hopefully it will be fall

miansamiudin

As Chart showing Resistance level is very strong and its moving in Trend line so their is chances of fall

miansamiudin

As sellers are aggresive and price already breaked previous support so there is chances to go short

miansamiudin

As GBPUSD is oversold and its about to rebounce from its support

miansamiudin

According to my analysis price will break trendline from outside and then downtrend will continue

miansamiudin Updated 

On W1 TF it,s in Strong Downtrend, If this flow continues then it will break support and it will become resistance, then it will retest with it and downtrend will continue....

miansamiudin

On W1 TF it,s in Strong Downtrend, If this flow continues then it will break support and it will become resistance, then it will retest with it and downtrend will continue....