GBPUSD - Support won't hold the pressure - Trade THIS trade!
Hi Traders!
The market is in a downtrend as well on the 1h timeframe as on higher timeframes.
As you can see the market is respecting a descending triangle.
The support area is getting weaker, because the market already tested it many times and the trendline is coming from above.
The trendline and the support are giving no more space for the market to move
- that means that the market has to break out anywhere.
We recommend to sell the breakout in the down side, because the market is in a downtrend.
Thanks and good luck :)!
The market is in a downtrend as well on the 1h timeframe as on higher timeframes.
As you can see the market is respecting a descending triangle.
The support area is getting weaker, because the market already tested it many times and the trendline is coming from above.
The trendline and the support are giving no more space for the market to move
- that means that the market has to break out anywhere.
We recommend to sell the breakout in the down side, because the market is in a downtrend.
Thanks and good luck :)!
Operación activa:
Hey Followers!
The trade is active now!
Let's wait and see.
Have a nice day :)
The trade is active now!
Let's wait and see.
Have a nice day :)