PriceActionTrading

GBPUSD INSIDE BAR D1 MAJOR TRENDLINE

FX:GBPUSD   British Pound / U.S. Dollar
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INSIDE BAR FORMED AT D1.
SHOWING INDECISION AND POSSIBLE MAJOR REVERSAL.
TAKE NOTE IF HAVE EXISTING SELL POSITIONS AND LOOK TO BUY IF PRICES DOES CLOSE ABOVE MOTHER BAR. CONTINUE HOLDING SELL POSITIONS IF PRICES CLOSE BELOW MOTHER. FAILED SIGNAL WILL SIGNAL TREND CONTINUATION.
Classic example of "failed signal best signal".
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double bottom formed and H4 confirmed bullish bias as it has closed above the previous H4 swing high of 1.5577. refer to my latest GBPUSD chart for representation.
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udpate : 2nd inside bar formed at major trendline. take caution if u have existing sell trades (i do)
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Price broke above the inside bar and is trading back within the inside bar range. is this a fakey? bearish outlook if price closes below the inside bar 29th december. bullish outlook if price manages to close above the inside bar.
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