GBPUSD short to probably 300+ pips

8 thg 7, 2020

The GBPUSD is resting 2 major trendlines and also forming its second shoulder ( head and shoulders pattern) which after we can probably see a fall of about 300 or more pips continuing its downtrend on the 4hr chart and partially the daily as well i personally have been checking this pair for quite sometime now using my indicators which most of i didn't fully illustrate on the chart above and will be entering somewhere around the 1.2675 - 1.2695 area. any comments/questions are very much welcome below :)