GBPUSD 4H Two Scenarios
Scenario 1 (short) = being rising for over a year, buyers have recently got weaker, they have so far tried several times to go beyond the 1.39985 resisting prices, but each time sellers have managed to keep the price below that. Accordingly, the first scenario is for "Sellers" to gain more power and bring the price lower than "resisting" lines.
Scenario 2 (range market) = according to this scenario, the price will still continue to move up and down between two support and resistance lines, Until they reach the very end of the triangle. reaching that end, the possibility of a huge nosedive will be more probable.
Scenario 2 (range market) = according to this scenario, the price will still continue to move up and down between two support and resistance lines, Until they reach the very end of the triangle. reaching that end, the possibility of a huge nosedive will be more probable.
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