GBPUSD Short - 20/1/2021

2021년 1월 20일

Hello,
price was rising in a diagonal pattern and completed 5th wave of the Elliot Wave Theory. We can also see a bearish engulfing rejecting the resistance level. DXY (Dollar Index) shows us some bullsih signs and also news for USD are good enough. I would expect price to fall to its support level which fits with the trendline.

Thank you for reading !