GBPUSD has reached a upper trend line and resisance level on the daily chart while showing huge bearish candles, it has also broken a upwards trend to the downside on the 15m chart, after the drop on the 15m chart i have drawn a fib and the 38.20% level is currently lining up with the resistnce level to which it needs to retest.
using all of this combined with price being underneath the 200 HMA on the 5m,15m and the 1h charts I am looking for sell oppertunitys in the market.
once the 38.20% level is retested I will get in with a sell order.
using all of this combined with price being underneath the 200 HMA on the 5m,15m and the 1h charts I am looking for sell oppertunitys in the market.
once the 38.20% level is retested I will get in with a sell order.