Potential Sell Zone could lead to the completion of this pattern
1.52-1.53 is a weekly/daily resistance zone (includes two structure zones).
The 3 SMA line act also as resistance lines.
That zone could lead to a decline that will push $GBPUSD below the major support of 1.5 (or at least back to it).
If $GBPUSD will decline below 1.5, it could continue lower to complete a bullish Bat near 1.47
Tomer, The MarketZone.net
Follow me on TradingView
Follow my blog - goo.gl/TWWN8C
Subscribe to my mailing lists - goo.gl/JfOLoR
The 3 SMA line act also as resistance lines.
That zone could lead to a decline that will push $GBPUSD below the major support of 1.5 (or at least back to it).
If $GBPUSD will decline below 1.5, it could continue lower to complete a bullish Bat near 1.47
Tomer, The MarketZone.net
Follow me on TradingView
Follow my blog - goo.gl/TWWN8C
Subscribe to my mailing lists - goo.gl/JfOLoR
Yorum:
GBPUSD is inside the sell zone now.
Yorum:
Trade reached final target zone