GBPUSD is tired from the daily uptrend. In order to propagate from the daily rising wave to the weekly rising wave, you must come down to the weekly demad zone.
As this is the pattern for the start of the 4-hour downtrend, if this line is not broken, there will be a downtrend.
As this is the pattern for the start of the 4-hour downtrend, if this line is not broken, there will be a downtrend.
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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.