GBP/USD Down as Expected

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

GBP/USD is moving down as expected.

Two sell positions have been initiated from the trading zone. At this point we can see how the market reacts. We can see that the price is moving down towards 1.3185 slowly but steadily. We can also spot a confluence between the wedge low and the M L3 and Q L4 camarilla pivots. This is the final target for the move. Selling continues as the market is bearish.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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