GBPUSD Analysis Mar 27, 2022
On the weekly timeframe we just formed a Doji candle at a resistance level which means we could be in for some type of reversal here. We need to go down to the lower timeframe in order to see how market structure is forming to interpret whether we should sell.
On the H4 timeframe we are still in an uptrend. We need the 1.31500 level to break in order to take short opportunities in line with the higher timeframe trend. We will await a break of structure here and a retest before entering this short opportunity.
On the H4 timeframe we are still in an uptrend. We need the 1.31500 level to break in order to take short opportunities in line with the higher timeframe trend. We will await a break of structure here and a retest before entering this short opportunity.