On the GBPUSD daily chart, we can see that the pair is still rejected by the 1.4070 level and as long as the pair is below this level we could see a new downside swing into the 1.3980 level. The 1.3980 level needs to be broken for the extended downside continuation into the 1.3800 level.
Note: look near-term for the short trade entries as long as the pair is below 1.4070 level with the SL above 1.4100.
Forex managed accounts! Track verified managed accounts on MyFxbook!
FOREX MANAGED ACCOUNTS
Andrews Pitchfrok trading analysis education!
Happy trading! (click on the chart to enlarge it)
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. If you want to learn all about it and become a professional Trader, sign up now we are accepting Bitcoins!