GBPUSD Opinions -

Dear Traders,

In your opinion, which is stronger and more likely to work out ? A double bottom at 1.36 and gives us more space to explore beyond 1.4240 weekly resistance zone, or the traditional M-pattern execution(double top pattern at 1.4230 area) which means we may see a downside to 1.3985 -1.4000 area.
And if that gives way then we can see 1.3850 and if that gives too we may re-challenge 1.36.

In the above you can notice that GBPUSD H4 has provided a very detailed support and resistance zones.

Bottom RED horizontal - Strong Support zone.
In BLUE - Resistance zones.
In GREEN - Possible Take Profit area.
Latest RED(in middle) - NEW Daily Support.

The 1.36 price zone was challenged and bounced quickly earlier this year and bring us to the all time confluences zone in the Cable, which we have successfully sustained above it(1.4000 physiology zone) and we are sitting above it to almost a month now.

Please share your opinions if you have any experience if this M-pattern may even work out ?