RiosTrades

GBPUSD BULLISH Opportunity

Panjang
FX:GBPUSD   Paun British / Dolar A.S.
I can't help but to notice an excessive amount of Short Ideas appearing in this chart, I do see how price could dump in this scenario but being GBPUSD, I know there's a lot of market manipulation and wouldn't be surprised to see another turn around in price regardless of Candle Stick Readings, Etc. I still see GBPUSD rising to break out of its Squeezing Pattern, Bearish scenario would be to see price break below support and to find a 38% retracement rejection to show how much stronger this bearish scenario would be.
Penafian

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