GBPUSD SELL!
On the daily and weekly timeframe, price had a strong presence/indication of bearish pressure. Price has broken out of MAJOR support level strongly thus providing more confluence for the direction. Fib level was drawn from the most previous high to the new lower low, The golden zone falls also in the path of that same major support. Looking for a pull back to the 0.61 level or to the support zone and then wick out or show signs of rejection. then scaling down and looking for a entry on the lower frames. Entry would be taken while on charts
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.