GBPUSD is looking very bearish as of late!
Price is below all moving averages on the 1HR, 4HR and Daily.. Important to note that price is at the 100MA on the daily, which looks like to me a retest!...
My view of this pair is to the downside...
On the 1HR a good entry is happening as we speak!
Price is bouncing off the 100MA, trendline and 38.2% retracement!
Stop loss just above 100MA and TP at the recent low!
What do you guys think?
-L
Price is below all moving averages on the 1HR, 4HR and Daily.. Important to note that price is at the 100MA on the daily, which looks like to me a retest!...
My view of this pair is to the downside...
On the 1HR a good entry is happening as we speak!
Price is bouncing off the 100MA, trendline and 38.2% retracement!
Stop loss just above 100MA and TP at the recent low!
What do you guys think?
-L