GBPUSD: Bearish ABCD

٢٣ نوفمبر ٢٠٢١

This pair is trading in a bearish channel on Daily chart. After making the last lower low it retraced to about 0.382 FIB level. Now it is back on downward path. My entry on current and stop loss at last lower high. TP1 is at strong monthly support S1. For TP2 I made an ABCD pattern which is exactly on a weekly support S3.