Confirmation for short position on GBPUSD

١٤ فبراير ٢٠٢٢

As explained in the previous analysis, the price has reversed after creating a double top on the daily resistance and the Fibo level. Now the corrective structure has been broken which confirms the reversal momentum. Now, we can enter the short position. Aggressive traders can immediately enter the position however, it is recommended to wait for the retest to the recently broken structure and/or breaking of the minutely corrective structure.