GBP/USD market setup
Updated
the Sterling has almost recovered and tapped towards these significant highs, which price had previously shown to be a reversal point.
candlestick rejections around this price point could convey further validity towards downside pressures.
risk/reward ratio 1:1.6
candlestick rejections around this price point could convey further validity towards downside pressures.
risk/reward ratio 1:1.6
Trade active
Price broke above the region that was acting as a resistance, the price could create more momentum to the highs. We will find a monitor and look for areas to close the trade.
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