Analysis explained on video
We can see a reversal formation is about to happen but euro collapsed before breaking out now I can see a zone of interest where price could reject once more and plummet back to the trendline
We can now see futher confirmation that this will move more down so now all I am waiting for is a correction to the last major zone before it falls from the sky
I took a look at GBPUSD as its one of my favourite pairs to trade so for the technicals I can see a impulsive move during the vote that led to completion of the ascending channel looking for reversal to the downside as you can see on current price action there has been a retrace right now I am just waiting on a correction before execution
Overall on the higher timeframe structure we can see an ascending channel meaning reversal to the downside but I think there is one more intra day move up before the potential bigger drop this will match the double top area before drop
I can see multiple rejections on the zone of interest looking to see whether there will be a shift in momentum to the downside
After 3 full weeks of consolidation I can see the shift in momentum right now what am I looking at? an ascending channel with multiple rejection on the zone of interest looking to see gold fall from the sky