IamNomad

pound levels .. still in consolidation mode.

FX:GBPUSD   British Pound/U.S. Dollar
105 1 1
2 months ago

Here are the levels currently

lower highs, higher lows and uncertainty leads to be forming a consolidation pattern before the next move.. its running out of room quickly

The drop earlier this weekly tagged the monthly s4/weekly s1 exactly
Currently price action cant seem to get over the monthly s3 for longer then a day

My concern with this level is the retracement and the highest point in the range is known as "deadcat bounce" or the .764 of the fib


There are no coincidences in markets
2 months ago
Comment: as expected, testing the trendline now
2 months ago
Comment: update

snapshot
2 months ago
Comment: riding the trendline up after testing the bottom level
IamNomad PRO
a month ago
just checked on this, level are still in play. crazy.
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