✏️GBPUSD is forming a corrective downtrend in the long-term uptrend. The large-timeframe Trendline zone also stops the current upward momentum of this pair's price. This correction can consider Target at the Fibonacci retracement points or old Break out zones. After the correction wave ends, we can wait for a clear price reaction from the buyers to set up BUY signals towards long-term TP zones.
📉 Key Levels
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📉 Key Levels
- SELL trigger: the buying force weakens, cannot break the trendline 1.353 and there is a price rejection from the sellers.
- BUY trigger: the reaction of H4 at the support zones 1.341 -1.330 (Fibonacci retracement)
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☘️Contact: t.me/VHTTrader
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☘️Contact: t.me/VHTTrader
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.