After yesterdays choopy movement, GBPUSD may continue its downwards journey.
(orange line)- ideally when trendline breaks, its starting point is the target but this is very unlikly situation here and anyway it is not our main concern as of now.
cuurently on 4H we can see huge bearish candle and i am expecting a same behaviour in next 4H candle. i will look for short entry on 5min after 2.30PM IST once a pullback came in new candle.(meaning 4H candle should go up before going down)
TIP: always wait for pullback before entry.
this is not financial advice.
(orange line)- ideally when trendline breaks, its starting point is the target but this is very unlikly situation here and anyway it is not our main concern as of now.
cuurently on 4H we can see huge bearish candle and i am expecting a same behaviour in next 4H candle. i will look for short entry on 5min after 2.30PM IST once a pullback came in new candle.(meaning 4H candle should go up before going down)
TIP: always wait for pullback before entry.
this is not financial advice.
