GBPUSD SELL: Weekly, Daily & 4hr Analysis

GBPUSD

+ Weekly: My overall bias for this pair is now bearish after previous low taken out. After rejection off 1.3116 price fell, closed below 1.3000 and closed as a bearish engulfing.

+ Daily: Clean break below both 1.3000 & 1.2966. Yesterday candle closed as a shooting star/ Marubozu signalling huge bear momentum.

+ 4hr: Looking for a slight pullback into 1.2966. If level holds then sellers will push the market down to 1.2800.

Bình luận:

Take some profit off as trade is now half way. Price going to pullback to about 1.3000 then fall again to overall target