Trading The Lower Lows and Lower Highs
The chart is following the Dow theory as it is coming down by making Lower highs and Lower Lows (descending channel).
Any break up the previous Lower High might change the Trend But it seem to be difficult as there is still no Divergence .
The GBPUSD seems retest the support 1.2295 .
Any break up the previous Lower High might change the Trend But it seem to be difficult as there is still no Divergence .
The GBPUSD seems retest the support 1.2295 .
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.