GBPUSD Long Top Down
Starting with the monthly we see a sharp move down. These moves are usually proceeded with a sharp move up. Monthly parabolic tend to happen with flats at the end.
Look in comments for lower time frame analysis.
Look in comments for lower time frame analysis.
Comentarios:
Close above the 4hr trendline could offer entry
Close above the 4hr trendline could offer entry
Comentarios:
Pair still locked in support and resistance. Monthly corrections tend to take time to play out. once the range breaks lets home for some momentum.
Pair still locked in support and resistance. Monthly corrections tend to take time to play out. once the range breaks lets home for some momentum.
Price resting on daily support line.