The 5%ers' Blog

Price Action Analysis GBPUSD 16/12/2018

December 16, 2018 | 9:39 am | The 5%ers' Blog
December 16, 2018 | 9:39 am
The 5%ers' Blog

First, i would like to mention that all GBP pairs are still under the impact of the Brexit issue and can be more risky than other pairs

As we can see on the chart i attached, there is a great demand below us, this demand brokeout the  last high of the downtrend from the left with one fast movement, that create a pattern called Quasimodo, usually very relaiable pattern, i’ll wait for the price at this demand to open buy position and my target will be the resistance above.

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