GBPUSD - Bearish rotation?
A series of lower highs, inside a big triangle / wedge (see daily or even weekly timeframe) we could see a bearish rotation down to the bottom of the wedge.
Coming from a historically strong and significant resistance area (1.2555) I see a potential bearish ride down to 1.2300 and possibly further. While venturing down I'm looking to lock profit after passing 1.2400.
Anything can happen. Feel free to comment your thoughts.
GBP has been interesting the past few months to say the least.
Coming from a historically strong and significant resistance area (1.2555) I see a potential bearish ride down to 1.2300 and possibly further. While venturing down I'm looking to lock profit after passing 1.2400.
Anything can happen. Feel free to comment your thoughts.
GBP has been interesting the past few months to say the least.
Note
Target 1 hit - 95 pips in the bag. Rolling stop loss to break even for remaining position.Note
Opportunity to add position
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