British Pound / U.S. DollarUpdated GBPUSD 18-22 Week Analysis [October] Down Trend Direction
The M30 chart shows a downward trend with resistence being tested for a possible break to downside. The price action can also be added inside a rectangle which indicated the price will head up or down based support or resistence failing to hold. The price action generally looks bearish especially after yesterdays bullish rally which exausted the market and failed to drop price to any significant levels. Thoughts?
Trade closed: target reached
This idea followed through great with good profits!
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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.