On May 6, which was the previous commentary I ran on the GBPUSD, I did mention that the pair was now showing significant bullish weakness, with expectations towards rejoining the bulls, at the instance of a significant price Action setup at Support. Incidentally, that support gave way at the close of trading Friday, and the bias on this pair now is bearish. Price Action sell signals would be sort on its failed attempt to approach or break through New Resistance.
Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me.
No comments:
Post a Comment