gbpusd
GBPUSD
Currently in an ascending channel on the daily. Price has just completed a descending wedge and rejected twice and is now forming lower lows. A possible indication of the breakout of the structure
4 hour
price has just tested the previous resistance twice and has rejected, possible for a third retest but very unlikely
1 hour
Price is currently forming a flat flag pattern if you ignore the 1 hour rejection candle( When a candle pulses down but gets rejected within the next hour)
This pattern has also been repeated before in the price. similarly price is forming the same structure across all GBP pairs
Currently in an ascending channel on the daily. Price has just completed a descending wedge and rejected twice and is now forming lower lows. A possible indication of the breakout of the structure
4 hour
price has just tested the previous resistance twice and has rejected, possible for a third retest but very unlikely
1 hour
Price is currently forming a flat flag pattern if you ignore the 1 hour rejection candle( When a candle pulses down but gets rejected within the next hour)
This pattern has also been repeated before in the price. similarly price is forming the same structure across all GBP pairs
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