GBPUSD - Bearish Momentum continues
The pair is looking bearish although a slight pull back is expected creating a new LH before continuation downward.
Series of bearish indications including:
1. LH & LLS
2. Double top indicating trend reversal
3. Bearish engulfing
4. Recent support break
5. Descending channel break down.
The plan is to go short at a new Lower High.
Series of bearish indications including:
1. LH & LLS
2. Double top indicating trend reversal
3. Bearish engulfing
4. Recent support break
5. Descending channel break down.
The plan is to go short at a new Lower High.