GBPUSD making a bearish zig zag towards 1.5270

1 min read
tarantula fx

tarantula fx

Head of Trading



GBPUSD has broken through the rectangle range and it is making a bearish zig zag pattern. We can spot a 3 – touch trend line making a confluence – POC at 1.5410-30 with 61.8 and H4 camarilla. Adding to that we can spot a bearish pin bar rejection at the zone and if the pairs sustains current momentum it should target 1.5325 then 1.5270.. On a strong momentum push or 4H close below 1.5270, 1.5220 is next. For this scenario to be valid a previous rectangle low should stay untouched ( 1.5530 )

Follow @TarantulaFX on twitter for latest market updates

read the original article on

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notify of