Get started
Medjan

GBPUSD - Rejecting an interesting Zone

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Medjan  
FX:GBPUSD   British Pound / U.S. Dollar
Flag Candlestick Analysis Support and Resistance
6
0
flagpattern candlestick supportandresistance
GBPUSD produced a nice Bearish PinBar at the marked red Zone.
The Zone includes Structure Resistance, Trendline Resistance, two Fib-Levels from recent highs and a Weekly Pivot Point.

This could cause price to break the Bearish Flag to the downside.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.