GBP for the monthly chart is showing a Major Rally pattern known as a Falling Wedge, W pattern forming at Bottom which indicates a rally Position. However also at prior economy history via the price chart we following in a similar pattern where we will be hitting a rally up to create break out and new Lower High. indicating a Pivot following a Large Economic Drop in price creating a new Lower Low.
this chart analysis shows a large buy and sell option trade and of course be careful when trading
this chart analysis shows a large buy and sell option trade and of course be careful when trading
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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.