Potential bearish setup on a weekly resistance zone
$GBPUSD stopped right at the weekly resistance zone I mentioned in last week's Weekly Markets Analysis newsletter.
This week I'm trying to find a smaller pattern to trade based on the assumption that as long as the price stays below resistance, It has higher potential to move lower.. maybe a pullback towards 1.52.
Press the link below to read the newsletter with this setup and more
marketzone.tumblr.co...s-analysis-22-2-2015
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This week I'm trying to find a smaller pattern to trade based on the assumption that as long as the price stays below resistance, It has higher potential to move lower.. maybe a pullback towards 1.52.
Press the link below to read the newsletter with this setup and more
marketzone.tumblr.co...s-analysis-22-2-2015
Subscribe to the newsletter:
www.themarketzone.net/
Send your chart requests:
themarketzoneforex.wix.com/tradingedge