I am expecting a short fake out sooner than later.
The market has reached the level, as specified in the previous post.
I have observed a double fake out, in relation to GBP/USD. Upon completion of the first fake out, I predict that the market can go down, by an estimate of 20 pips.
Even though there is a strong buy momentum, the market is currently neutral.
The recent bullish candlestick represents finalisation of a fakeout. Hence, there is small opportunity to short.
