GBPUSD SELL: Weekly, Daily & 4hr

GBPUSD Weekly:
• Price finally broke through 1.2700 monthly level and formed new low.
• Price in an overall bear trend with lower lows & lower highs.
• Moving averages are still bearish.

GBPUSD Daily:
• After break of 1.2700 monthly, price came back to level to retest and rejected off it for 4 days with bearish engulfing & shooting star candle.
• Friday candle closed below 1.2646 4hr level next target 1.2531 support.
• Moving averages are still bearish.

GBPUSD 4hr:
• Price broke through 1.2646 + ascending trendline now waiting for the retest of 1.2646 before we sell.
• I still think this pair will move a little lower to form a new low before going up for a retest.
• Price broke through 1.2646 again to the upside after a gap up from market open, do now expect price to go up to yellow area of resistance the sell from there.

Order storniert:

level did not hold once again. looking for new entries