BEARISH GBPUSD DAILY:Price broke and close below daily support
Nov 16 2015: BEARISH GBPUSD DAILY:Price broke and close below daily support
(Analysis Based on DAILY chart)
Observations
1. Short term bull channel (Broken and retested)
2. Short term bear channel
3. Descending triangle
4. Break and close below daily support
NOTE: Wait for price action to confirm the importance of this level. Price is consolidating within a descending triangle. Sell channel tops. Sell downside breakout on retest.
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(Analysis Based on DAILY chart)
Observations
1. Short term bull channel (Broken and retested)
2. Short term bear channel
3. Descending triangle
4. Break and close below daily support
NOTE: Wait for price action to confirm the importance of this level. Price is consolidating within a descending triangle. Sell channel tops. Sell downside breakout on retest.
If you find this information useful. Please hit the LIKE button.
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