GU - Ready for next down trend ?
GU - Ready for next down trend ?
From weekly time frame, price seem to have rejection because:
+ Multiple rejection candle
+ Strong resistance zone of neckline head of shoulder pattern on the left
+ Bearish order block
From H4, we have bearish order block combined with channel pattern.
Let's wait for channel breakout and look for SELL
TP1: 1.2610
TP2: 1.2500
GBPUSD GBPUSD GBPUSD
From weekly time frame, price seem to have rejection because:
+ Multiple rejection candle
+ Strong resistance zone of neckline head of shoulder pattern on the left
+ Bearish order block
From H4, we have bearish order block combined with channel pattern.
Let's wait for channel breakout and look for SELL
TP1: 1.2610
TP2: 1.2500
GBPUSD GBPUSD GBPUSD 
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