GBPUSD Up or Down?
We are currently in bearish channel and haven't breakout yet. It reached top of the channel on Friday and failed to breakout. Expecting 2 scenarios on market open.
1. Hanging man candle closure and fall to below of channel.
2. Breakout and retest to shift momentum to bullish.
My thoughts are more to scenario 1.
What are your thoughts?
1. Hanging man candle closure and fall to below of channel.
2. Breakout and retest to shift momentum to bullish.
My thoughts are more to scenario 1.
What are your thoughts?
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.