GBPUSD Drops “Picture Perfect” Price Action Signal

Well I haven’t seen one of these for a while on the higher time frames.

The “text book” golden example of a swing trade.

GBP has been heavy on the bearish side, and last session we got a bearish day at the end of a correction.

That sets up the rest of the week for a likely bearish GBP.

GBPUSD broke support and make a new major lower low. At the end of the last week we got the correction, then last session we got the trend continuation signal.

Looking for a retracement entry this Asia session, if that is available this signal had high reward ratio potential.

There are also some other gbp charts, like GBPCHF, with good setups also.

Best of luck on the charts.

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