GBPUSD can we see sell momentum to come in ?


Hello everyone:

GBPUSD continues to be in this ascending channel structure, correcting itself up.

However, as we know price action will finished the correctional structure eventually, and the next impulse phrase can begin.

Currently price is at the top of the HTF channel structure, and within it LTF ascending channel.

Safest entry would be the breakout, and a confirmed continuation correction on the LTF.

Look to see the previous lows as the first potential target.

Thank you
Chart PatternscorrectionDouble Top or BottomFLAGimpulseParallel Channelpatternpriceactionstructure

Also on:

Related publications

Disclaimer