GBPUSD - Bearish Outlook
Updated
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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