Forex Trends - Trend is your BEST Friend Following GBP/USD Trends on multiple timeframes

I believe the market fell too fast - 2257 pips in one week - MY GOODNESS!!! - that’s a feet unlike ANY. I could not find any historical data that showed such steep loss.

Good news - its time for correction- expect teh market to hit 50% retraction level or more before it either pursue bearish movement or decides to go into a sideways market for a good amount of time.

It already crossed 23.6% (giving back 630 pips - WOW!!!!!) and will face a serious resistance at 1.6800 - which is JUST above the 61.8%

I have never see this pair like this - and I wonder what’s next - in anycase, buckle up. 

Here’s wishing you a good piece of that pie.