danresdidualfx
Long

intraday setup: GBP/USD analysis

FX:GBPUSD   British Pound / U.S. Dollar
Price has reached a key area of support and is showing signs of selling exhaustion with 4HR candle wicks rejecting of that 1.25000 regions, it's formidable for the price to create a potential lower high or even retrace to a key psychological zone of 1.26000. On the 30min time frame, we see price creating an inverse head and shoulder pattern suggesting accumulation is happening before a potential reversal.
Trade closed manually: Trade closed at breakeven, expecting further downside movement to 1.24800
looking for more efficient entry
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