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DariusFxTrading

GBPUSD short possibility, Trend Channel

Long
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
DariusFxTrading  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Support and Resistance Supply and Demand GBPUSD LONG short darius
17
0
trendanalysis supportandresistance supplyanddemand gbpusd long short darius
As we can see we are still in a bullish trend channel but the market is right now creating a M - Formation. So it is failing to create a Higher High and Higher Low.

At the same spot we got strong level of daily Supply Zone. I expect a nice drop to the Support Zone. Afterwards we may have the possibility to move up higher again

What do you think?

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