GBPUSD Chart Analysis - 8-22-2020

GBPUSD CHART: DAILY NOTES:
* DAILY:
- Price has had a 100% retracement.
It has trended bullish since March 24, 2020.
- (Question): Who controls price movement?
- Currently consolidating at a pocket of Demand.

* INDICATOR(S): Stoch: Nearing Oversold

* PATTERN(S): Rising Wedge, Ascending Channel

(GBPUSD) CHART: 4HR NOTES:
* 4HR:
- Price is consolidating at the neckline.
* INDICATOR(S): Stoch: Nearing Oversold

* PATTERN(S): Double Top (Reversal Pattern)

(GBPUSD) CHART: 1HR NOTES:
* 1HR:
- Price is consolidating at demand zone.

* INDICATOR(S): Stoch: Nearing Oversold

* PATTERN(S): Double Top

KEY EVENT: Election November 3, 2020