Possible Setup for GBPUSD --short
Hello traders,
I've got the pair on my watchlist. I think the pair has just completed its corrective wave and is about to start a bearish impulse. As obvious, we are still under the major trendline, and I expect the price roll back from this level to the next support level. Although, if we see a breakout from the trendline, then we'd wait for a pull-back confirmation and then enter long to the next resistance level.
Hope this analysis helps you out at your trading!
I've got the pair on my watchlist. I think the pair has just completed its corrective wave and is about to start a bearish impulse. As obvious, we are still under the major trendline, and I expect the price roll back from this level to the next support level. Although, if we see a breakout from the trendline, then we'd wait for a pull-back confirmation and then enter long to the next resistance level.
Hope this analysis helps you out at your trading!
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