GBPUSD Watch for continuation

Hi there, It is breaking watch for continuation. Close above the previous high will invalidate the short term sell idea.

Good Luck.

Kommentera:

We were looking short last time as well But anticipating one more bullish wave before breakdown but we got the breakdown before having bullish wave. So one more bullish wave is also possible with in this pattern. As long as price will stay below the previous impulse it will remain bearish so close above will change the setup. Make sure your stop should be above the impulse.

Kommentera:

One more wave was possible there. It is still bearish pattern formation.