A quick detour before trend resumes.
Using point of control and the next two highest price-action levels to determine the .618 and zero placement for the Fibonacci retracement tool I can see that a double top has formed at a critical level. The Heikin-Ashi candles tell me we have temporarily lost steam and a small dip to the next critical fib level is likely (.328).
Beyond the next two days I see GBPUSD wanting to move towards POC. Short for now.
Beyond the next two days I see GBPUSD wanting to move towards POC. Short for now.
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