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tokelohomi
Mar 26, 2023 3:03 PM

Looking bullish 

British Pound/U.S. DollarFXCM

Description

After a long time of being indecisive and not providing clearer opportunities. The market created divergence and dropped, at first in a corrective manner, then finally went volatile after the shooting star candlestick influenced the distribution phase break out. Mitigation occurred and a buying opportunity was created, however, the market was sluggish on Friday, the bullish move was worse than expected, to add to that, 4h is still looking bullish. Should this move persist, then the first target is the 4h breaker block. How price reacts from there will determine whether we continue to reach the 1.23418 target or price will drop massively…
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