Situational Entry on GBPUSD
Price broke below W1 up channel (bearish) but has formed double bottom on D1 (bullish). this could either be a retracement or the beginning of a longterm downtrend. We'll see how this plays out.
With the current climate in the UK on the rising cases of infection and deaths due covid, we may see another lockdown in the near future, bringing the sterling back down.
If bulls, we long. If bears, we short. #patterntrader
With the current climate in the UK on the rising cases of infection and deaths due covid, we may see another lockdown in the near future, bringing the sterling back down.
If bulls, we long. If bears, we short. #patterntrader
Aviso legal
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