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GBP/USD - SHORT SETUP
After following this pair over the past few weeks we have had some very nice profitable setups and some big movements.
Price has now hit the bottom of the wedge and is now retesting the interim level of resistance at 1.5230 which is also in line with the 23.6% Fibonacci extension level.
We have also now had a Daily break and retest on the ascending trend line.
Fridays candle finished up as a Doji show indecision at the current market price.
I would like to see a Bearish closing candle Monday evening to look for a Short position down to Fibonacci D1 at 1.4970
Price has now hit the bottom of the wedge and is now retesting the interim level of resistance at 1.5230 which is also in line with the 23.6% Fibonacci extension level.
We have also now had a Daily break and retest on the ascending trend line.
Fridays candle finished up as a Doji show indecision at the current market price.
I would like to see a Bearish closing candle Monday evening to look for a Short position down to Fibonacci D1 at 1.4970
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