we can clearly see a nice formation of a bearish structure on the monthly timeframe which is consistent with the weekly structure
we also a key monumental shift on the EMA crossover and the price is now below the trendline
So as the DXY (Dollar index) continue to rise we shall see GBPUSD continue lower and currently we have multiple confirmation in higher structure confirming the probability setup
Use proper risk management!!
stop loss anywhere at 1.29000 level seem okey!!
target 1.21500
Make sure you follow me for more updates
we also a key monumental shift on the EMA crossover and the price is now below the trendline
So as the DXY (Dollar index) continue to rise we shall see GBPUSD continue lower and currently we have multiple confirmation in higher structure confirming the probability setup
Use proper risk management!!
stop loss anywhere at 1.29000 level seem okey!!
target 1.21500
Make sure you follow me for more updates
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