GBPUSD Sell Idea After Bearish Trend Pattern
W1 - Price is bouncing lower from a key resistance zone formed by the 161.8% Fibonacci expansion level of the first wave and the 100% Fibonacci expansion level of the second wave.
Bearish divergence.
H4 - Bearish trend pattern.
No signs of trend change.
Until the invalidation level holds I expect pullbacks and then further continuation lower.
Bearish divergence.
H4 - Bearish trend pattern.
No signs of trend change.
Until the invalidation level holds I expect pullbacks and then further continuation lower.