Updated

GBP/USD -Flirting Resistance *W

- Great British Pound seen on a more broader picture of
Weekly Time-frame *W (tf) .
Flirting with Trendline Resistance that rejected price action
on 4 times of interactions previously.
Fakeout occurance would be put to stop by 200EMA coming down as
Resistance Ceiling for GBP/USD

Breakout of Trendline + 200EMA re-testing them as Supports would give
much more room for growth regarding GBP

Below Supports

- Daily Order-Block *D OB
- Last Higher Low at 1.18$
- Weekly Order-Block *W OB

TRADE SAFE !

*** Note that this is not Financial Advice !
Please do your own research and Consult your own Financial Advisor
before partaking on any trading activity based soly upon this Idea.

Note

PoC on *W
Point of Control of VRVP Volume Profile set on Weekly (tf)

Coinciding with the *Daily OB

Note

Trend Fibb' Retracement
Reclaiming Golden Zone would re-claim strenght.
Lose the 0 zone and breaking last Higher Low would Change the Character (CHoCH)
of current Uptrend

TRADE SAFE

Note

Bulls showing weakness on *W print.
Can as well be the case of uptrend continuation.
Yet to be seen ;

Note

(updated)

*W (tf) - Macro Flirting Trendline Resistance break out.
Strong Bullish Candlestick break-out (price action)
Volume break-out below average

Note

Post Trendline Resistance Break-out
Forming a Bull Flag so far ( on the yellow)
More confirmation awaiting regarding the Resistance break out

Note

Zoomed in on Bull Flag

Note

Bull Flag break-out

Note

Looking for bounce continuation on BoS level
Support below the broken trendline.
If that fails to hold, downside resumption will take control

Mr_J__fx

Related publications

GPB/USD -With the Death of Queen came the Death of Pound

by Mr_J__fx

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