gbpusd formed a perfect gartley pattern indicating a small buy pressure upto neckline area
as neckline acts as resistance
in addition the pair is forming heard and shoulder pattern indicating high selling pressure
the pair has been bearish from supply area and buying momentum is very low as buyers struggle to make a strong rally
and new higher highs
Since the pair is below 200 EMA , 200 EMA is acting as resistance
good luck and cheers
as neckline acts as resistance
in addition the pair is forming heard and shoulder pattern indicating high selling pressure
the pair has been bearish from supply area and buying momentum is very low as buyers struggle to make a strong rally
and new higher highs
Since the pair is below 200 EMA , 200 EMA is acting as resistance
good luck and cheers