Push to the high? GBPUSD
Updated
GBPUSD did a W formation on the H4 timeframe and failed to break Wednesday's low. I expect price to rally towards the peak high of the H1 Wyckoff Distribution and have a bearish reaction afterwards. If price fails to break the low again, GBPUSD might have entered an H4 Wyckoff Distribution and could consolidate before shifting down. Look out for any peak formations.
Order cancelled
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.