Simple Price Action Analysis on GBPUSD downtrend
Hello Traders,
Here is a simple price acction analysis on GBPUSD.
Price is now consolidating in a rectangle pattern and a breakout to the downside is very likely.
Instead of using support & resistance as exit levels, using fib. extension as an alternative is also an option.
I wish you lots of successful trades.
Kaetea Ng
Here is a simple price acction analysis on GBPUSD.
Price is now consolidating in a rectangle pattern and a breakout to the downside is very likely.
Instead of using support & resistance as exit levels, using fib. extension as an alternative is also an option.
I wish you lots of successful trades.
Kaetea Ng