GBPUSDSHORT SETUP on GU , Overall on the H4 we see price respecting the previous resistance and being pushed to the downside, made a lower low came back to a strong monthly zone which is our 50 % Fibbonacci Retracement level,
My Projections are that price will drop futher to the previous zone which is @ 1.38666 , Risk :20 pips , Reward : 90 pips , RRR 1:4
Foreverinprofit
The US Dollar Index outlook The US Dollar has been moving sideways ever since the end of summer. Price has return to an area of previous structure support (almost touching the ascending trend line. Price can either break out of that small zone and descending trend line and see rejection from that major key level of 93.10 or break above the key level for bullish sentiment.