GBP/USD
formed two doji candlesticks in the weekly filter chart right under the
resistance at 1.5000 and, as expected, started dropping. I am pleased to say
that I managed to open new short positions just in time to profit from that
drop. The pair will likely reach 1.4990 where there is a support level, and
should it break below that level it will likely head for 1.4780, where there is
another support level. While there is a possibility it might form a double
bottom I think that that the bearish trend will continue.
Well spotted! I'll keep it in mind.
ReplyDeleteexcellent analysis.
ReplyDelete