it either bounces on that trend line very close to it(might be just relief bounce) and goes towards 1.2 before looking for shorts. if it breaks that trendline then it might bounce around the lowest bar in 2020 which is where i placed the long chart. if it breaks both then the blue line should hold unless they want to see GBP below dollar. one thing i'm kinda sure is that, they must be small bounces on hourly chart in these three different places. 1/3 bounce might some weeks.
Comment:
Just to say although it took time but it worked, it took out the first which actually bounced for sometime but didn't take out the second. i think there's still room for more