GBPUSD - Bearish Outlook
GU showing signs of a medium term downtrend.
Previous downtrend seemed to be broken but im getting a different picture (atleast for a short term) .
Look at higher time frames and it looks like a Triangle settling so the down move might be contained in that.
Nevertheless I will wait for retest or enter aggressive with a small position.
Previous downtrend seemed to be broken but im getting a different picture (atleast for a short term) .
Look at higher time frames and it looks like a Triangle settling so the down move might be contained in that.
Nevertheless I will wait for retest or enter aggressive with a small position.
Note
Entered aggressive on Monday, now expecting a small pullback but should be heading lower
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Related publications
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.