2101 GBPUSD is supported by the red line to go sideway

GBPUSD is stiill in favor of bear according to this weekly chart.

Its rejected from the weeekly fibo 618 poisition and still can show strong sign to rise up a agin after making a 5th wave end.

What we need to be worry is that is might go sideways above the middle line of BB before a strong downtrend to 1.2600 position which is green support zone on this chart.

GOOD LUCK NEXT WEEK!!!
LESS IS MORE!

Trade chiuso: obiettivo raggiunto:

TP1 hit with 90 pips.

Commento:

This is how a signal should looks like.

Commento:

Now need to close half and move SL to entry .

Good luck !