As you can see a flag pattern is formed on the 4h timeframe, which means we might expect a bullish momentum which will also cause a breakout through the resistance structure. A FVG can be seen as well therefore the market has to cover an inbalance in the market, what are your thoughts?
Still managed to hit take profit during CPI. News were quite volatile. As we can see the market is currently moving to retest support area, if candlestick closes below support level then we might expect a change to the downside. Although overall its a bullish market structure.
This is a new update on the previous post I posted based on GBPUSD Head & Shoulders forming on the Daily Timeframe. It seems like the market continues to the downside therefore we looking for sells until it reaches previous low.
We might expect a big move on nas100 this week, if you switch to the daily timeframe you can see why.
A clear heads & shoulder on the daily timeframe on GBPUSD....