HI Dears
If you look carefully at the chart of the British Pound (GBP/USD) you will see the bearish scenario.
I will tell you the reason by the RTM method.
The price made a powerful 4h FTR and also an MPL zone. after that, the price broke the 4H trading range but in fake mud to gather the liquidity that is needed for a powerful downtrend.
After that the price starts its downtrend and also the MPL zone is engulfed.
so we go back to the base of the POLE.
Sincerely
Hosein Poursaei
If you look carefully at the chart of the British Pound (GBP/USD) you will see the bearish scenario.
I will tell you the reason by the RTM method.
The price made a powerful 4h FTR and also an MPL zone. after that, the price broke the 4H trading range but in fake mud to gather the liquidity that is needed for a powerful downtrend.
After that the price starts its downtrend and also the MPL zone is engulfed.
so we go back to the base of the POLE.
Sincerely
Hosein Poursaei
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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.