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🟢Forex Pair: GBP/USD
⚪Technical Analysis: On the 4th of February 2021, the price got an interesting rejection on the level at about 1.35600, quickly moving up with a strong upbar, breaking through its daily S/R zone at about 1.36300 and reaching its dynamic resistance of its previous rising wedge pattern, without breaking it. Few hours ago, the price re-tested an important resistance zone and it is currently moving down.
🔴Conclusion: In my previous analysis I got a bearish scenario and I'm still really confident to see the price collapsing down soon! I've honestly got already a short position on this trade until the level at about 1.36250 and I'll eventually plan my second trade if the price will break that support zone (my first target).
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⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️