GBPUSD Vulnerable to downside pressure

20 set 2018

Brexit no deal is looming and we could see a shift to the dark place in the cable. Enough of European Union negotiation, we can see that price sits just below the two strong confluence (Pink Horizontal Lines), these are price zones where buyers and sellers make important decisions. Tonight the news is all about Brexit and the chart will give us the final confirmation of what the investors think about the GBP.
SHORT IS THE CALL

21 set 2018

Trade attivo

The Cable is now making its way below the structural price point which indicates, the bullish run to the top has now stopped.
The situation is now clear;
1. Price is trading below 1DClose, below 2 Strong Confluences, Below structural price point. Short is the only option here as long as we are below the structural point.
Update time and Date: 21-Sep-18; 09:50am