GBPUSD SHORT APRIL 13TH 2021
GBPUSD :
Monthly & Weekly :
- We rejected the Monthly Highs as our indication that the price wants to go down.
- We completed a previous -68 fibonacci as well.
- We broke the ascending trend line very impulsive.
Daily & 4H :
- We see the break of the ascending more clearly as our indication.
- We broke the last daily HL as well.
- We are forming a Bearish W pattern.
- We have a clear S&D zone at the 78.60 region (1.39000)
I expect a weak DXY as well to back this trade up.
Monthly & Weekly :
- We rejected the Monthly Highs as our indication that the price wants to go down.
- We completed a previous -68 fibonacci as well.
- We broke the ascending trend line very impulsive.
Daily & 4H :
- We see the break of the ascending more clearly as our indication.
- We broke the last daily HL as well.
- We are forming a Bearish W pattern.
- We have a clear S&D zone at the 78.60 region (1.39000)
I expect a weak DXY as well to back this trade up.
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