GBPUSD had been trending in a bearish trend printing series of LHs and LLs. It printed a bullish divergence and showed a consolidation which can be seen as Accumulation before trend reversal. It has broken out of that rectangle and printed first HH. Long positions may be looked for.
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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.