GBPUSD is current forming LH meaning it's currently on a down trend. It has been respecting the resistance (Blue) and had a falls breakout which created a double top(two flags) and went bearish again. Created a upward channel on lower time frames and it's now currently on the Major Resistance (Blue) again so all we need to do is SELL. It made an impulsive move up at the end which is giving Us an entry to sell it(Red arrow).
Please share your views and thoughts. Would appreciate to hear from you.
Please share your views and thoughts. Would appreciate to hear from you.