GBPUSD back down

2020年9月29日

I sense something coming here. Price potentially will consume the stops places above the weekly highs and I expect the momentum to kick in there and then. If the 78,6 fib retracement level would have been enough, momentum would have kicked in already. However, I see a pattern here, If something is too easy, it probably means it has been priced in already. Therefore, expect a push up before price can continue the bearish move.