GBPUSD Potential short up next
Price has broken down and seems to have found temp sup around 1.5600. The trend on the Daily is still down at this stage, so I will be watching for a price action signal short on retrace to roughly the 50-61.8% Fib, which is in confluence with the low of the candle I marked...
It might even push higher than this to around 1.5900ish and I will look to sell there as well. But, I will then also look at a "what if" scenario if price does break to the upside.
For now, this looks like it is still going down. Just have to wait it out and see.
It might even push higher than this to around 1.5900ish and I will look to sell there as well. But, I will then also look at a "what if" scenario if price does break to the upside.
For now, this looks like it is still going down. Just have to wait it out and see.
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