DAY_PROFITS

GBP/USD: Pullback area 1.1650 before go SHORT again - SELL

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBP/USD is inside a strong bearish trend, today opens with a bullish candle. The price before we start to think as reached the bottom of the market has to go over some walls like the resistance area around 1.1650 where we will place our limit order and where the Fibonacci levels 38.2 and 50% are present. Also, the price is still below the 50 Moving average, and looking at the Divergence on the stochastic and the RSI turned bullish we are sure, by these clues, about a pullback on the area talked before continuing in the direction of the main trend.
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.