Hello Traders,
Today we are having a look at GBPUSD, since the lower timeframes are currently pulling back we need to have a look at the daily and above.
Monthly, weekly and daily timeframes are currently trending towards the downside, so waiting for a pullback towards the 25-50 moving averages on the daily seems like a good idea, before checking if we would get a bearish engulfing candle as confirmation to enter the trade again if we do this could be a big profitable trade.
Today we are having a look at GBPUSD, since the lower timeframes are currently pulling back we need to have a look at the daily and above.
Monthly, weekly and daily timeframes are currently trending towards the downside, so waiting for a pullback towards the 25-50 moving averages on the daily seems like a good idea, before checking if we would get a bearish engulfing candle as confirmation to enter the trade again if we do this could be a big profitable trade.
