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Gl3n

GBPUSD structure analysis

British Pound / U.S. Dollar (FX:GBPUSD)  
Gl3n Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Support and Resistance gbousd structuretrade
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trendanalysis indicator supportandresistance gbousd structuretrade
The break of this trendline means several things for me :
-> possible restest of structure support.
-> confirmation of sideways moving period, which allow us to look for pattern trades, or other sideways moving strategies.

However the break of the trendline can create a downtrend on lower timeframe.


Comment:
prices approaches to reversal area (structure support)

We can look at the candle to find a reversal candles formation, but now the candle seems too strong.

Firstly we need some relief of the trend.
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