GBPUSD 8/3/2019 Analysis
I'm looking for price to make a corrective move into the zone of structure and then show signs of either a break above that level or a continuation of the current downtrend.
I have a definite short-term bullish bias and have no long-term bias. I will wait for price to enter the zone of structure to get a better long-term idea.
If it does break above the zone, my prediction would be that price will reach the .618 fib level.
Price can easily reject this zone and continue it's downtrend.
I have a definite short-term bullish bias and have no long-term bias. I will wait for price to enter the zone of structure to get a better long-term idea.
If it does break above the zone, my prediction would be that price will reach the .618 fib level.
Price can easily reject this zone and continue it's downtrend.
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