AndrewMagar

GBPUSD RETRACEMENT AND BOUNCE BACK

Long
FX:GBPUSD   Livre sterling / Dollar américain
The previous trendline was broken making higher high in the pair. However, eventually it has retraced to Fibonacci Golden Level 61.8 and to add on there has been significant bullish engulfing pattern regardless of positive US CB Consumer Confidence. And I think DXY has also pullback to a significant zone and is likely to go down with chart pattern theories.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.