GBPUSD Short - 20/1/2021
Hello,
price was rising in a diagonal pattern and completed 5th wave of the Elliot Wave Theory. We can also see a bearish engulfing rejecting the resistance level. DXY (Dollar Index) shows us some bullsih signs and also news for USD are good enough. I would expect price to fall to its support level which fits with the trendline.
Thank you for reading !
price was rising in a diagonal pattern and completed 5th wave of the Elliot Wave Theory. We can also see a bearish engulfing rejecting the resistance level. DXY (Dollar Index) shows us some bullsih signs and also news for USD are good enough. I would expect price to fall to its support level which fits with the trendline.
Thank you for reading !
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.