GBPUSD, MULTIPLE TIMEFRAME ANALYSIS!
Monthly:
-Price is making a new monthly high and I still see the possibility that price could reach the next monthly high that is also the -68 of the monthly fib.
-The last highs that were acting as resistance now could be acting as support.
Weekly:
-On the weekly price is still making HHs.
Daily:
-Inverse H&S pattern.
-Structural trendline.
4H:
-We could be monitoring price action from a 4h perspective to look for a possible entry
-The last highs that were acting as resistance now could be acting as support.
Weekly:
Daily:
-Structural trendline.
4H:
Trade closed: target reached