GBPUSD Corrective Structure Against Monthly Trend
Updated
The GBPUSD appears to be in a corrective structure. Price has tested the monthly trend line several times over the past few months and seems to be holding.
There is a triangle pattern forming as we see a consolidation while there is also a downward channel.
No setup on daily until breakout occurs!
There is a triangle pattern forming as we see a consolidation while there is also a downward channel.
No setup on daily until breakout occurs!
Trade active
Breakout of the 4 hour trend line on the GBPUSD on 15 min and 60. Opened a small position with a view to adding on
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