GBP/ USD - LONG OR SHORT?
-Lovely retracement into previous level of structure and looking for a third touch of the ascending trendine @ 50% FIB with a possible line up with the 50 EMA acting as a dynamic support.
-Possibility for a break of the ascending trendline and retracement to 1.2408 as confirmation to go short down the bottom structure LV.
- Monitoring closely due to double top formation.
Opinions would be appreciated !!
-Possibility for a break of the ascending trendline and retracement to 1.2408 as confirmation to go short down the bottom structure LV.
- Monitoring closely due to double top formation.
Opinions would be appreciated !!
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