GBPUSD Tank

14 May 2021

After price formed a H&S pattern above 1.41000, seeing highs since late Feb, price is now looking to form its lower high once it manages to retrace at 1.40970 and a break in the intraday (orange) trendline with the help of the Fib tool and may tank to 1.39800 . If move to 1.39800 is confirmed it may then bounce off the H4 trendline that there and we could most likely see very strong buys. Thank you for tuning in!
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