Evening Traders, a few potential scenarios on this particular pair: 1) potentially we are in a larger ascending channel structure highlighted with the dotted outer trend lines, if so I see price action going for another move up within structure, but it will be largely corrective and not the best trade-able move, if we do, ideally a high candle rejection with an...
Future Trade: Price will continue down to break current support, test next level and fill monthly wick. We can see a push up with few retracements after. Short term-Sell Long term-Buy
Long on break higher after failed break down, pin/tailbar on support. Entry: 245 Stop: 235 Target: 275
Unless there's a major news but I see more upsides. Constructive criticism is allowed. Support this idea with a thumbs up and follow for more. :) FX:GBPUSD