Price bounce back from the key level resistance. I will wait for confirmation on daily candle close and enter short with target to the lowest support
I personally vote for long :) But... wait for confirmation!
After GBP strong break below, we will wait for a pullback to the nearest resistance, and wait for candle confirmation to short. Target is to the lowest.
Bearish trend, Strong resistance, Bounce back? To next target key level support.
After break this key level resistance, we will wait for retest and confirmation, (resistance become support) will target at new high.
Possibility to break the daily support, retest, (support become resistance) and move down to the key level monthly support.
1. possibility to break from the key resistance, retest, and continue to the monthly resistance 2. possibility to bounce from the key resistance, and move down to the recent trend line. 3. possibility to break from the trend line, retest, and move down to the key level monthly support. Will update another chart if there are some confirmation.
1. if break the key resistance, I will wait for a retest/pullback (resistance become support) for going long. 2. if the key resistance still intact and bounce back down, I will short it until the nest key support.
Classic support resistance, where key level support already break and we will wait of a retest on the news resistance (support become resistance)