GBPUSD 27.02.2022
Looking to short GU from 1.35000 zone
Confluences:
- GU was ranging without any signs of momentum. Last week, a breakout of the range occurred after a massive push to the downside
- Broke below 1.35000 support region without retest.
- Retest level (1.35000) which is currently the support-turned-resistance level falls inline with the 61.8% fib reversal levels.
A potential push to higher fib extensions may occur, will look for signs of rejections once market reaches the sell zone
Confluences:
- GU was ranging without any signs of momentum. Last week, a breakout of the range occurred after a massive push to the downside
- Broke below 1.35000 support region without retest.
- Retest level (1.35000) which is currently the support-turned-resistance level falls inline with the 61.8% fib reversal levels.
A potential push to higher fib extensions may occur, will look for signs of rejections once market reaches the sell zone
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