British Pound / U.S. DollarUpdated GBPUSD 11-15 Week Analysis [October] Down Trend Direction?
Here I have used fibs to determine a retracement followed by further downfall. It seems if a retracement does not happen then the trend might continure up wards. The ADX value is also sittign at 50 atm which indicates the continuation of the current trend being downwards.
Trade closed: stop reached
Intedned 1.355 target was not realised
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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.