Analysis GBPUSD (Overall down Side)
Hello Traders, GU looks like a very much a down trend for the past week. Therefor, trading it to the down side would be your best bet in your favor. As you can see the the candles are retracing to mitigate anything to bring back in profit to continue to a sell/short. Possibly would hit to the 38% to the 50% retracement to reach to the target area. According to the RSI, there is a divergence which it let me know that it is retracing. It also shows the engulfing candle to the retracement area around the Quarter point and making LH and LL's.
Beware: news is coming out for all the USD pairs. It is a red flag. starts 1/26/2022 2:00pm EST time.
Thank you for reading!
Beware: news is coming out for all the USD pairs. It is a red flag. starts 1/26/2022 2:00pm EST time.
Thank you for reading!
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