GBPUSD longterm downside movement??
- Rejection off resistance at around 1.33 price formed an evening star on the weekly
- Daily we were uptrending and price was rejecting a key sensitive area in the market of 1.28
- Bearish engulfing on the 1hour chart we have now broken daily bullish market structure
- We are currently making a corrective structure back towards support being used as resistance
- Making bullish market structure on the 1hour
- Will need to see a break and retest formation of the currently structure
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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.