GBPUSD two possible scenarios
on Daily: GBPUSD is currently trading around resistance so we will be looking for objective sell setups on lower timeframes.
on H4: we have an ascending triangle forming and divergence on MACD, however, price is still overall bullish and we will be looking for an objective break below our lower blue trendline to sell.
Unless price breaks above our upper blue trendline and resistance then we will be looking for objective buy setups on its retest.
on Daily: GBPUSD is currently trading around resistance so we will be looking for objective sell setups on lower timeframes.
on H4: we have an ascending triangle forming and divergence on MACD, however, price is still overall bullish and we will be looking for an objective break below our lower blue trendline to sell.
Unless price breaks above our upper blue trendline and resistance then we will be looking for objective buy setups on its retest.
