Hello everyone!
-I have noticed that price retested few times on resistance line and price continued moving in bearish direction.
-We can wait and see will price retest that line again or we can expect continuation of bearish movement.
-We can expect retest and continuation in bearish direction or we can expect breakout and continuation in bullish direction.
-On 4 hour base GBP is weaker than USD and on daily base GBP is still weaker than USD.
-If GBP and USD remain on same level we can expect continuation of bearish movement.
-If GBP gain some power and USD lose its power we can expect bullish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial