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Price Moves Back Into Box,Consolidation
British Pound / U.S. Dollar
Short
Price Moves Back Into Box,Consolidation
By TaherJalili
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Aug 20, 2020
9
Aug 20, 2020
There have been some solid contrarian moves in the last 24 hours.
The GBPUSD is a good example of this with price quickly snapping back below the major resistance level just as quickly as it broke out.
The support level of the recent consolidation and sideways pattern looks a key level for where this market moves next.
Chart Patterns
consolidation
major_resistance
sidewayspattern
support_level
Trend Analysis
TaherJalili
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Solid Breakout in Play
by TaherJalili
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