British pound circle trend line


Currently, the currency pair is on the trend line where there is quite a strong resistance at the same time. Thanks to this, it has two factors that can confirm a possible direction in line with the downward move, which has been going on for almost 4 months. Remember, however, that a downward flag formation has been set, which in the upward trend that we had before may herald further growth with a huge range. However, at the moment we are adjusting to the situation in the H1 interval and taking the risk of short positions. The places shown in the image are the possible correction range which is at the fibo 50 level.


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Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: PL: By giving me a tip you donate it to charity. All collected funds will help children and animals in need.

Analysis of the financial markets
Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: PL:

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