GBP/USD Long
1Day - Currently in descending pattern at a zone for potential reversal. Overall strong bearish candles.
1hr - Can see the end of a clear Head & Shoulder formation. Candlestick has yet to close but still in the zone for a potential reversal.
15min - Strong bearish candlestick closed in zone with a morning star trying to confirm reversal.
1min - Looks like it's testing the support level at around 1.22783
Overall, we still need that strong bullish candlestick to confirm reversal. I will be keeping a look out for potential entries.
1Day - Currently in descending pattern at a zone for potential reversal. Overall strong bearish candles.
1hr - Can see the end of a clear Head & Shoulder formation. Candlestick has yet to close but still in the zone for a potential reversal.
15min - Strong bearish candlestick closed in zone with a morning star trying to confirm reversal.
1min - Looks like it's testing the support level at around 1.22783
Overall, we still need that strong bullish candlestick to confirm reversal. I will be keeping a look out for potential entries.
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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.