Trying for identify a valid slope which price followed on it way to this massive drop of GBPUSD
i ended in the weekly chart. Picking the three swing required to have the median line
set in place i came with a set where we see how many times price was rejected at the upper parallel trendline
. In addition we see that price was rejected from the upper quartile of the set. I believe that in the upcoming weeks price has a good potential to rally and reach the slide parallel (green trendline
) which also worked great when price flipped and retested it before continue its way to the down. If any buy setup completed a current level i will go for it.