On the daily chart, GBPUSD appears to be moving sideways at first glance. However, a closer look reveals a distinct pattern in the price action. There's a key level around 1.28200 that the price has consistently respected for some time. If you delve deeper, you'll notice that the price approached this level within a contracting channel, broke through it, and is now forming a bearish continuation pattern. This is a crucial development to watch closely. Stay alert for potential moves!
Note
3:26 SAID A BUY IN THE VIDEO INSTEAD OF A SELL,Trade active
waiting for a reversal structureTrade closed: target reached
Had a good drop as anticipated last week
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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.