GbpUsd from 1.3170 as Resistance Level

30/12/2019 GbpUsd Rate from 1.3170 as Resistance Level
Current Support Level is at 1.2903
A Retrace to Higher Pricing is allocated at 1.3170
Now at Current Price 1.3149
Which is now considered as A Sufficient Move Higher
against the Current Price Range which consists of an h1 bar retrace At 39% percent bar Higher on the h1 chart.
Expected Outcome - Is that the Rate will Move Lower from 1.3149
And into my Target Level at 1.2525
Which is at 61% percent bar on the Daily Chart or Daily Range Lower.
Downtrend Mode - from 1.3149

Trade active:

6/01/2020 Mid-Evening – GbpUsd Rate - Trade still Active from 1.3218 High & Resistance Level.
the Trend just pulling a little higher than expected on this occasion from the 39% percent bar high target nominated at 1.3170
1st & Nearest Resistance Level – become 1.3283

This outcome has been modified and added to my bookkeeping records as so on further occurrence – the trend Can be applied at A better rate of exchange.
Current Spot Price 1.3132
2nd Resistance Level exists at 1.3173 now at 1.3209
From 1.3952 Support Level Low.
So, the Rate is considered at A Continuation Downtrend Phase towards Lower Low & this is the outcome Expected within the Current Trend -
Target Level Low remain & is allocated at 1.2525
Downtrend Mode

Comment:

Important Notes : Can you see how trading ideas or trading to rules - Come`s into play as the charts extend more and more relevant data which is needed in order -
So we can qualify the charted picture to outcome
Or drawing in the bigger picture then ? So much more quickly & clearly whilst the trends are establishing themselves.

Comment:

13/01/2020 GbpUsd Rate 2nd Resistance Level exists at 1.3173 now at 1.3209
more resistance applies at 1.2902 -
Before continuation low at 1.2525