GBP/USD short setup formed!!
DAILY TIMEFRAME
On the daily timeframe we see price is rejecting and respecting the weekly timeframe 1.26500 level
H4 Timeframe
We price is rejecting the 78.6% fib level , and we see shift of momentum to the downside. also a rejection from the 2nd retest around 1.26000 level
H1 Timeframe
we shall see a rollover to around the 1.24300 level as projected targets.
On the daily timeframe we see price is rejecting and respecting the weekly timeframe 1.26500 level
H4 Timeframe
We price is rejecting the 78.6% fib level , and we see shift of momentum to the downside. also a rejection from the 2nd retest around 1.26000 level
H1 Timeframe
we shall see a rollover to around the 1.24300 level as projected targets.
Note
close partially profit for the week. see you guys next week
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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.