ThreePillarsTrading3

GPBUSD BUY THEN SELL, OR JUST SELL...PATIENCE...

OANDA:GBPUSD   British Pound / U.S. Dollar
HELLO ALL,

GBPUSD LOOKS TO BE TRENDING DOWN OFF OF A SIDEWAYS TREND ON DAILY. ON 4HR CHART, THE PAIR RETRACED ABOVE THE .50 FIB TO .618 AND THEN WENT DOWN. TECHNICALS AND PRICE ACTION ARE SHOWING SELLING PRESSURE POSSIBLY TO THE SUPPORT AREA OF 1.2091-1.2073.

MY VIEW IS A SELL ON THIS PAIR BUT I AM GOING TO WAIT AND SEE IF THIS PAIR GOES UP TO THE .50 FIB AT 1.2250 AREA, OR IF PRICE ACTION AND FUNDAMENTALS KEEP THE SELLING PRESSURE.

IF YOU LIKE PLEASE GIVE A THUMBS UP AND ALSO COMMENT YOUR OPINIONS AND IDEAS, THANK YOU!
Comment: LOOKS LIKE GBPUSD MIGHT BE SETTING UP FOR A GOOD SELL AROUND THE 1.2250 - 1.2270 AREA. KEEP AN EYE ON THIS PAIR LADIES AND GENTS....

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