Hi Trader. As most of the currency pairs are now entering some choppy condition, during times like this it's important for you to have a strict entry criteria to filter out noises.
I do believe that GBPUSD is currently developing some potential reversal pattern, and it all depends on whether price accepts higher bids or not.
The continuation pattern price is now forming will determine my short-term bias on GBPUSD.
Either it breaks above 1.23, or it stays above the 1.2170-1.2180, the long setup will validate.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
I do believe that GBPUSD is currently developing some potential reversal pattern, and it all depends on whether price accepts higher bids or not.
The continuation pattern price is now forming will determine my short-term bias on GBPUSD.
Either it breaks above 1.23, or it stays above the 1.2170-1.2180, the long setup will validate.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
