Gbpusd update

14 thg 7, 2021

This chart analysis details the expected bearish move that will be viable as of 1.385 price retest. As shown on the ending diagonal..the final stage was reached and so the pair will decline...we have sell orders being pumped at stages shown with the dollar emoji. Some may consider them supply zones, which is okay but these are the points where liquidity is drained...best advice on this is a sell at 1.385 and a stop loss at fib 61.8 of the previous bearish move which is at 1.38632...but to be safer maybe a sl of 10 pips higher.. this is a sell and hold...cheers and all the best.