Hi traders:
We all know all USD pairs gain strength due to the speech. Most USD pairs are way over extended, and in need of a pullback and retracement.
Here on the GBPUSD 1 hr chart, we see a bice bearish flag pattern, then price broke down. Now we are seeing the price action pulled back, forming a lower high. Good entry to go short down to daily support and 38.20%
Thank you four your feedback
We all know all USD pairs gain strength due to the speech. Most USD pairs are way over extended, and in need of a pullback and retracement.
Here on the GBPUSD 1 hr chart, we see a bice bearish flag pattern, then price broke down. Now we are seeing the price action pulled back, forming a lower high. Good entry to go short down to daily support and 38.20%
Thank you four your feedback
Commento:
Daily time frame:
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