GBP/USD, could drop down to 1.27

I think British Pound will move down because price made such huge absorption.

It shows that buyers don't have enough power to move price rate up. Also, there is a lot of uncertainty about Brexit and voting.

Near 1.2890 will be that best place to open Sell.

Commento:

Near 1.2910 you can open Sell with low risk.

Trade chiuso manualmente:

GBP/USD close above a key level
Close sell

Commento:

Price still can move down

I would wait when 1hour candle will close under 1.2911

Commento:

Sell after pullback

Trade attivo