GBP/USD Downtrend Continues Below M L3

2 min read
tarantula fx

tarantula fx

Head of Trading

GBP/USD Technical Analysis

  • GBP/USD continues down
  • 1-2-3 Pattern
  • Target is 1.3210

4H Chart GBP/USD

  1. Point 1
  2. Point 2
  3. Point 3 of 1-2-3
  4. Target

The GBP/USD is moving down. We can see the confluence of the 1-2-3 pattern and the trendline. 1.3210 is the level to watch for. We can see that the price is going to possibly drop further towards the target. 1.3320 is the entry zone and the stops should go above the H4 highs. M L4 1.3210 is the strong support zone so pay attention.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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