GBPUSD- 11Mar2022
On the daily, yesterday bearish candle engulfed the previous bounce candle. There could potentially be further bearish pressure to lower trendline + 1st Support at 1.30105.
On the H4, price dropped and closed lower after facing bearish pressure from the 20EMA. With Stochastic indicating room for further downside to support, we could expect price to drop lower lower to H4 1st Support at 1.3020 before a bounce occurs.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, yesterday bearish candle engulfed the previous bounce candle. There could potentially be further bearish pressure to lower trendline + 1st Support at 1.30105.
On the H4, price dropped and closed lower after facing bearish pressure from the 20EMA. With Stochastic indicating room for further downside to support, we could expect price to drop lower lower to H4 1st Support at 1.3020 before a bounce occurs.
This is for personal record purposes only, not financial advise or solicitation of trade.