Its Going down due to the following news from US(Watch Price Actions 6hrs From NOW) 1.Durable Goods Orders, released by the US Census Bureau 2.Initial Jobless Claims released by the US Department of Labor 3. FOMC Member POWELL Speech that therefore trigger a short term movement positive or negative trends 4. Funds are going out base on Money Inflow Indicator(Smart Money OUtflow due to overbought of GBP) 5. Series of Bearish DOJI like candle stick in the last 6hrs depicts a rejection for an uptrend. Watched Support and Retracement Level
Pull back for the last few hours was succesful... time to take a buy a moment with 20 pips upside before selling pressure will occur. Happy Trading..
#Caveatemptor
Popoythegreat
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Retracement has been successful for the previous 2 hrs, Lets see the NEWS from US if they will shake and scoop those position under buy zone...Goodlock
#Caveatemptor