GBPUSD structure analysis
Updated
The break of this trendline means several things for me :
-> possible restest of structure support.
-> confirmation of sideways moving period, which allow us to look for pattern trades, or other sideways moving strategies.
However the break of the trendline can create a downtrend on lower timeframe.
-> possible restest of structure support.
-> confirmation of sideways moving period, which allow us to look for pattern trades, or other sideways moving strategies.
However the break of the trendline can create a downtrend on lower timeframe.
Note
prices approaches to reversal area (structure support) We can look at the candle to find a reversal candles formation, but now the candle seems too strong.
Firstly we need some relief of the trend.
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