Forecast for price reduction. Earlier, the forecast No. 20 for price reduction was published. The downtrend continues
Entry for sale in the medium-term GBPUSD (forex). When the price returns to the marked level, I enter for sale
The forecast for the beginning of a corrective upward movement when returning to the trading zone canceled in the figure.
The main direction of the price movement remains unchanged (down). When the price level 1 is reached and stops at this level (or near this level), there are possible options for a corrective upward movement, shown in the figure.
When the price level is crossed (line 1), the price will decrease. Options for corrective price growth are shown in the figure. Revision of the forecast when price levels are reached (line 2 and line 3), if necessary.
When crossing the price level 1, I consider the following options for the price movement up, differing in the depth of the corrective price movement down. Detailed trading information (forecasts for all assets, entry points to the position, opening time, STOP LOSS) is available by subscription @TradePrBot.
I assume a continuation of the downward trend (downtrend) if the price level 1 breaks through.
I assume a continuation of the downward trend (downtrend) if the price level 1 breaks through. A short-term upward movement of the price is possible in accordance with any of the three scenarios shown in the figure. Correction of the forecast when the price level is reached 2.