GBPUSD ! Formation of a pre-breakout trade. Are we falling?

avatar
· Views 1,633

GBPUSD ! Formation of a pre-breakout trade. Are we falling?

GBPUSD is falling, as I said in my past ideas. After a retest of the fork level 1.1933, the price breaks it down, forms a local minimum at 1.18780 and rolls back.

We see that a new retest of the support level 1.18778 is being formed. The price does not roll back from the level, but consolidates and forms a pre-breakout trade.

I suppose the breakdown of support 1.18780 down and the price movement in the medium term to a strong level of 1.17000 #OPINIONLEADER#

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

Like this article? Show your appreciation by sending a tip to the author.
Reply 0

Leave Your Message Now

  • tradingContest