GBP/USD : probable flag

GBP / USD downtrend

probable flag

GBP / USD attempt to break below 1.5448, but it is dangerous for a new sell. Now short positions are risk only after correction of the trend

GBP / USD – continues to move with the drawn channel. New sell only after adjustment around the upper arm of the channel.
Serious support level 1.5430.
Indicators show negative formation.

Price below moving average, sell after any adjustment of the trend.

 Varchev Traders

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance