If break below sell at retest, if break up buy at retest
The GBPUSD has been a in long term down trend. Here we have a descending wedge so probably the prive will want to bounce of the last level of the wedge which retests the resistance. However the structure outlined with blue line has a lot of potential selling power because it was recongnised by the market in the past. Because of the general downtrend bias the...
The price gave us a good support zone, if the support is broken and then retested it has a lot of probability to fall further.