GBPUSD in on a downtrend and we have seen a nice pullback. I'm expecting it to touch the trendline and resume the downtrend and the initial target will be at the double bottom but ultimately it should push much lower. As this pair continues to make lower lows.
I think it's Logical that the whole price should come down
BannaKhan
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@Hrmoeeniara, Yes!
lvckyy23
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@Hrmoeeniara why?
k_makwana
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same trade! It will create a new H4 LL and price will potentially go bullish once a floor is created.I believe it will continue bearish during this NY session.
BannaKhan
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@k_makwana, That's right. I will be keeping an eye on it.