$GBPUSD | Downside smash followed by Reversal

29 Nis 2018

Weekly price downside break set to challenge February lows at $1.3711 after chart failed to continue higher. Price action could potentially converge onto bullish 28EMA trend line & reverse from there, setting a double bottom & continuing with the overextended bullish momentum. I see much of the intraweek pullback as a swing style entry which could easily retest previous highs.