Analysis On GBPUSD on the H4 timeframe

16 ก.ค. 2020

Welcome again to my latest or another analysis on GBPUSD which has been playing with our emotions but as of Yrsterday to today we saw our candles retest our descending trendline and formed a bearish engulfing candlestick which was a great signal to sell but if you miss that trade we are getting ready for another short sell again at the fibonacci retractment level of 50 and the market has been forming a lower lows so if we wait for the next candle to touch the 50 or 61.8 fibo level we could go on a sell and place our take profit at the support level