GBP/USD Buy
we can see price moved 200 pips in 0ne day
engulfing 6 days of price action with 2 candles.
we can see price reacted to the weeknly zone 1.27254
and making a huge move to the upside.
we can also see a rejection of a counter trendline in confluence
with the price zone.
at this moment wee can see a dible top and the weekly zone
1.33212 and moving down with a lot of momentum to the weekly recistence.
price right now is at a daily recistance at 1.30267,
mt bias is that rpice can easily break this zone this week do to the massive
move to the upside
we can also see a minor sopourt and recistance zone on the daily
level where we can expect some action =, maeybe a re-test of the zone and finding support.
at the 1h we can see a clear break of structure
and recistance at the daily level 1.30267.
with a bullish bias taking place this will be further confirm
with price giving us a candle stick patter to the upside
on the minor daily level 1.29176 in confluence with fib
point 0.832 marked in grey.
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