On the GBPUSD , I am looking out for a potential drop to parity, the downside A.K.A level 1.0000!
But this move would privileged if price successfully takes out this yellow bar, as it is possible to either see a pullback before dropping or we see a drop from here!
If Price starts heading up? We'd be battling with the zone above(blue bar) again or few pips shy of it but I am 80% to the downside and 20% to the upside, so would not be interested on a buy setup yet!
FX:GBPUSD
But this move would privileged if price successfully takes out this yellow bar, as it is possible to either see a pullback before dropping or we see a drop from here!
If Price starts heading up? We'd be battling with the zone above(blue bar) again or few pips shy of it but I am 80% to the downside and 20% to the upside, so would not be interested on a buy setup yet!
FX:GBPUSD