GBP/USD Daily chart shows a downward trend with Lower lows LL and Lower Highs LH being formed.
It seems like we are at a reversal point at 1.21705 as we can see the downward trend resistance is being respected and we have a hammer being formed that could turn into evening star if Monday closes red too
That would be a good indication for us to short from 1.21 with SL just above previous HL at 1.24 and TP at 1.16 as projected by AB=CD harmonice pattern.
It seems like we are at a reversal point at 1.21705 as we can see the downward trend resistance is being respected and we have a hammer being formed that could turn into evening star if Monday closes red too
That would be a good indication for us to short from 1.21 with SL just above previous HL at 1.24 and TP at 1.16 as projected by AB=CD harmonice pattern.