rocketmaaan

Possible scenario of GBPUSD

Short
FX:GBPUSD   Livre sterling / Dollar américain
DISCLAIMER - This analysis does not warrant any immediate buy and sell. Every trader should do their analysis themselves and have proper risk management executed perfectly in accordance with their trading plan.

The trend lines were created at a 4h timeframe. Price is below the 3 trend lines, specifically 2 resistance trend lines and 1 support trend line (Red being resistance trend lines and Green being support trend lines). This would indicate a high probability that the price will go down since a price below 3 trend lines shows bears are in charge and that the Order Flow is inclined at the sell-side.
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