GBPUSD short - Bearish Correction
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On GU we had a strong move to the downside.
Monthly:
It was because of the monthly timeframe. We are currently completing the correction based on the last impulse move to the upside.
Weekly:
Nice bearish Pinbar so signalize us the market will go down. This also the point why I expect it to go up first before dropping down. To collect some more liquidity.
Daily:
Bearish environment. We broke the trendlind
Lower Timeframes:
M Formation on the h4. Therefore I would like to see market going up before dropping down lower
What do you think of this Analysis? Share your opinion of this pair below.
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On GU we had a strong move to the downside.
Monthly:
It was because of the monthly timeframe. We are currently completing the correction based on the last impulse move to the upside.
Weekly:
Nice bearish Pinbar so signalize us the market will go down. This also the point why I expect it to go up first before dropping down. To collect some more liquidity.
Daily:
Bearish environment. We broke the trendlind
Lower Timeframes:
M Formation on the h4. Therefore I would like to see market going up before dropping down lower
What do you think of this Analysis? Share your opinion of this pair below.
To support the creation of more please leave a LIKE
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✔️ Telegram(german): t.me/dariusfxtrading
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