kolelahenok12

PRICE IS REACHING PREVIOUS RESISTANCE!!!

Short
FX:GBPUSD   Livre sterling / Dollar américain
This week has been mad especially with this pair. But price is currently reaching a resistance as it meets with the end of a trend line, and also previous resistance that was tested before. With the US Dollar reaching one of it's biggest lows in a while and is currently oversold on the RSI, along with gold reaching an all time high in 10 years and being overbought. There is a possibility of both of these bouncing back in the opposite direction. Opening the possibility in this move that the USD will rise against the GBP, leading to a drop in price. THOUGHTS?? I'm trying something new. Possible entries for sells, and potential pullbacks.
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