Following the head and shoulder pattern formed on GBP USD last week the price has been pushing down as DXY continues bullish..
As we all know the market dose not move in a straight line up trend makes higher highs and higher lows, down trend makes lower lows and lower highs.
On the 1 hour timeframe GBP USD has broken a structure level to the downside, before we can sell we need to see a pullback of the next candlestick retesting the lower low level. ⏰
As we all know the market dose not move in a straight line up trend makes higher highs and higher lows, down trend makes lower lows and lower highs.
On the 1 hour timeframe GBP USD has broken a structure level to the downside, before we can sell we need to see a pullback of the next candlestick retesting the lower low level. ⏰
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.