GBPUSD Bearish Bat

2018년 3월 12일

Starting off the week with some technical analysis. This time on the GBPUSD 4hr. It seems a bearish bat is forming. Definitely one I will be keeping my eye on over the coming days. The market appears to be down trending. The only fault I can see as of right now which might affect the trade is the trend line I have drew in, it has multiple points of contact and could possibly mean price will bounce off it once again. Only time will tell.