short GBP/USD
We are looking at the technical set up here with a continuation of the uptrend a pull back is imminent at least to the 50% fib retracement where we can expect buyers to jump back into the market. this will depend on twhere the market opens on Sunday Evening. If we make a new high then this plan will become obsolete. Profit taking on Friday may have been the cause of the engulfing candle so it will be best to wait and see what happens on Monday.
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.