As expected price broke the demand line. Pullback is now for selling as price is approaching the supply zone which is lining up with the 50 day MA, 200 day MA as well as the 61.8% fibb retracement.
GBPUSD: ENTRY FOR LONG TERM DOWNTREND
As USD will gain plenty during the course of this year, any realistic opportunity to get in is much appreciated.
Looking at the chart above, price have closed below the monthly and yearly support of 1.4800 which CONFIRMS that the market is turning negative. Right now we have two trend lines interacting with one another, while the 50 day MA is sneaking up from behind... like a Cheetah is on its prey: the Antelope. When the Antelope sees the Cheetah, which it have yet to do, it will run like a mother fucker, down to the 1.35 level to seek shelter or even further to see if it can out run the Cheetah. #Watching through binoculars from Jeep. #Savanna Trading lol
GBPUSD: ENTRY FOR LONG TERM DOWNTREND
Looking at the chart above, price have closed below the monthly and yearly support of 1.4800 which CONFIRMS that the market is turning negative. Right now we have two trend lines interacting with one another, while the 50 day MA is sneaking up from behind... like a Cheetah is on its prey: the Antelope. When the Antelope sees the Cheetah, which it have yet to do, it will run like a mother fucker, down to the 1.35 level to seek shelter or even further to see if it can out run the Cheetah. #Watching through binoculars from Jeep. #Savanna Trading lol
