GBP comes into an important intensive trading zone, for SHORT.
First, I have to say I was wrong about this pair in my previous analysis, because the market is always right and it just broke the "turbulance" very soon and headed up until now.
Then ,we need to check and analyze from a longer period. The level 1.5617 is an important intensive trading level, even from the Daily Chart. Also, this level is within the PRZ of the Gartley Pattern. So, this pair is hopefully going down after hitting the BLUE ZONE, which is a strong resistance. However, if it broke the zone upwards, another stronger resistance will be 1.5650-1.5664 level(AB=CD also)!
So, for SHORT and good luck.
First, I have to say I was wrong about this pair in my previous analysis, because the market is always right and it just broke the "turbulance" very soon and headed up until now.
Then ,we need to check and analyze from a longer period. The level 1.5617 is an important intensive trading level, even from the Daily Chart. Also, this level is within the PRZ of the Gartley Pattern. So, this pair is hopefully going down after hitting the BLUE ZONE, which is a strong resistance. However, if it broke the zone upwards, another stronger resistance will be 1.5650-1.5664 level(AB=CD also)!
So, for SHORT and good luck.
