GBPUSD needs to reach the daily demand zone to complete the correction and have a chance to rebound. If the rebound fails in the daily demand zone, it is likely to decline until the weekly demand zone is found.
Trade closed: target reached:
For two reasons, this analysis is no longer valid.
1. A pattern that failed to rebound in the daily demand zone (a pattern that is difficult to sustain)
2. A reversal pattern emerges from the peak
1. A pattern that failed to rebound in the daily demand zone (a pattern that is difficult to sustain)
2. A reversal pattern emerges from the peak