GBPUSD - ANALYSIS BASED ON MARKET STRUCTURE
Looking through this structure, clear top could only be seen at 1.24473, using this top 61-79 Fib Retracement falls Close to the Upper Part of the extended descending Channel, and around a RESISTANT ZONE, Sell is still possible if this area holds. A break above this zone (true break) might open GBPUSD to another round of BUYING TREND.
NOTE: I think this is very important in case you are are using part or some of my post trading ideas to make decision on the market - CONFIRMATION IS ALWAYS IMPORTANT BEFORE TAKING ANY TRADE USING MY BLUE BOX or MY HIGHLIGHTED BLUE BOX. When price moves aggressively towards predicted areas, they tends to break those areas without showing any significant rejection. I always check my 1hr or 30 mins chart for sign of demand or supply before taking trades on predicted areas.
NOTE: I think this is very important in case you are are using part or some of my post trading ideas to make decision on the market - CONFIRMATION IS ALWAYS IMPORTANT BEFORE TAKING ANY TRADE USING MY BLUE BOX or MY HIGHLIGHTED BLUE BOX. When price moves aggressively towards predicted areas, they tends to break those areas without showing any significant rejection. I always check my 1hr or 30 mins chart for sign of demand or supply before taking trades on predicted areas.
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