X5

GBP/USD H4 - Waiting for possible long position

X5  
FX:GBPUSD   Pound Sterling/U.S. Dollar
Price is trying to start an uptrend.

On W1/D1 chart, the bullish crab pattern is complete and has presented a “pin bar” reversal bar, but no bullish divergence yet. Indecision continues. (See link below)

On H4 chart, the price is trapped in a range, pressuring top channel resistance, and looks like to decline even more and test support at 1.4100. Bullish anti B-Fly pattern projected; if it’s confirmed then target weekly resistance at 1.4346 up to 1.4400
Comment: Price testing resistance at 1.4471, near to top channel. A bearish divergence is present and a Bullish alternative 5-0 pattern emerges.
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