PRICE RETRACEMENT TO 61.8% CONFLUENCE WITH TREND LINE, PRIOR SUPPORT TURNED RESISTANCE & 50MA TARGET 127.2% EXTENSION ABCD MOVE
BEARISH DAILY CANDLE REVERSAL FROM 61.8% DAILY FIB ICHIMOKU CLOUD BREAK AND TWIST ABCD MOVE TO 127.2% EXTENSION
SUPPORT FOUND AT 50MA AND 200MA BULLISH ENGULFING PATTERN FORMED AT 61.8 RETRACEMENT - INDICATES REVERSAL POTENTIAL ABCD MOVE TO FIB D LEVEL PRIOR RESISTANCE
Bearish Engulfing at 50% retracement level and ichimoku cloud resistance confluluence & R1 monthly pivot resistance
4HR TRENDLINE BREAK AND CLOSE REVERSAL AT ICHIMOKU CLOUD SUPPORT EXPECTED CONTINUATION OF DOWNTREND TO TEST PRIOR KEY SUPPORT AT 1.77
4HR CLOSE BELOW KEY SUPPORT 100 EXPECTED CONTINUATION OF DOWNTREND
GBP CUT RATES USD STRONG NFP KEY SUPPORT LEVEL BREAK ICHIMOKU CLOUD TWIST ON 4HR CHART 1:1 TRADE
clear downtrend, bearish engulfing pattern formed at 61.8% retracement level, execute short at retracement