Details are in chart. This is short term shorting opportunity in gbpusd before moving up again.
All details are in chart. This is my idea. Any suggestion are welcome.
There is Symmetrical triangle formation in Daily and weekly frame indicating may the down trend continue. According to 4h time frame(bearish engulfing pattern and double top) it is time to enter into short entry but for pattern trading we have to wait for this week. However symmetrical triangle can breakout in either direction but according to the last move I...
The analysis is based on Fib Retracement and S/R Level. Level 0.70920 seem hard to be broken prices can move downwards again.