British Pound / U.S. DollarUpdated GBPUSD - 24 March 2022
Bearish momentum kicked in and 15m has turned back into bearish OF which aligns with daily and weekly bias. We can see price is now forming a pullback to the most recent 15m bearish leg, we may see price go down from here or the low holding and price pullback up to the premium of the leg and take out the BSL (EQH) before continuing down.
Note
Bullish Intention found, the 5m decisional supply failed to put in a new LL, price is showing a respect to the low, we may expect price to continue higher at least take out the EQH from the left.
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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.