GBPUSD: Update! Spotting False Breakout 🇬🇧🇺🇸
Updated
If you remember, last week we spotted a structure breakout on GBPUSD.
The price broke and closed below a daily key level, and for us, it was a strong bearish clue.
However, it turned out that the breakout was false.
After a violation of a support, the price was accumulating for quite a while
and managed to return back above the broken structure and also violate a falling parallel channel to the upside on 4H.
It looks like the market maker is playing with our expectations here.
Adjusting my analysis, now I am locally bullish biased and expect a local bullish continuation.
❤️Please, support this idea with a like and comment!❤️
Note
Check my new analysis on EURUSD, USDJPY, GOLD (XAUUSD), EURAUD: 
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
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.