GBPUSD short move
We have seen a breakout on our trendline and which is a first signal that the market might be bearish.
In order to strengthen our belief, a breakout on our demand zone at 1.26927 that turns into a supply zone further confirms that the market is bearish.
Also, there should be a retest to our newly formed bearish order block, confirming the bearishness of the market
And hence from that order block price cloud react bearishly from that level and fall towards our 1st support level.
In order to strengthen our belief, a breakout on our demand zone at 1.26927 that turns into a supply zone further confirms that the market is bearish.
Also, there should be a retest to our newly formed bearish order block, confirming the bearishness of the market
And hence from that order block price cloud react bearishly from that level and fall towards our 1st support level.
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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.