On the larger timeframes we are on a bearish trend. We can expect for the trend to change and go bullish should the Fib Retracement Levels be respected at each point.
The reversal to Bullish trend could be possible if we breakout from the first zone(orange box).
Always best to use risk management on trades like this to avoid losses.
#GBP/USD
#BULLISH
The reversal to Bullish trend could be possible if we breakout from the first zone(orange box).
Always best to use risk management on trades like this to avoid losses.
#GBP/USD
#BULLISH