British Pound / U.S. DollarEducation
GBP/USD BEARISH SETUP. ABOUT TO MELT TO DOWNSIDE
From a top down perspective
WEEKLY TIMEFRAME
---> We see gbpusd in a downward trend , also nice rejection on monthly
DAILY TIMEFRAME
--> Price respected the 61.8% fib level. and also tested the previous lower high
h4 timeframe
--> we see currently price is testing the previous lower high and we are seeing buyers weekness
h1 timeframe
--> we are waiting for a break for structure in m15 for a continuation to downside.
WEEKLY TIMEFRAME
---> We see gbpusd in a downward trend , also nice rejection on monthly
DAILY TIMEFRAME
--> Price respected the 61.8% fib level. and also tested the previous lower high
h4 timeframe
--> we see currently price is testing the previous lower high and we are seeing buyers weekness
h1 timeframe
--> we are waiting for a break for structure in m15 for a continuation to downside.
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.
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.