GBPUSD POSSIBLE REVERSAL - ANALYSIS BASED ON PRICE ACTION!
Updated
A reversal is possible around 1.2434 area which is a support zone. This could rack up to 50-100pips to the downside IF fulfilled.
NOTE: Wait for confirmation before jumping on this trade. Clue: Candlesticks Patterns LIKE - evening star candlestick, engulfing etc..., can indicate reversal after hitting this support zone.
This analysis is invalid if SUPPORT ZONE is broken/clear break/true break TO THE UPSIDE- this is also very important.
COMMENT PLS!
NOTE: Wait for confirmation before jumping on this trade. Clue: Candlesticks Patterns LIKE - evening star candlestick, engulfing etc..., can indicate reversal after hitting this support zone.
This analysis is invalid if SUPPORT ZONE is broken/clear break/true break TO THE UPSIDE- this is also very important.
COMMENT PLS!
Note
*****************RESISTANT ZONE***********not a support zone pls!
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