GBPUSD today had no clear direction without violating the most recent ascending trendline of 4H formation.
However, it has not broken up the descending one.
I see a triangle formation.
Between the weekly supply and demand zones. The price can go eitherways. My view about possible break and retests.
Important note: the gap has not been covered yet. Big amount of money trapped there, so it may go down there to release the capital and then rally back up.
GL!
However, it has not broken up the descending one.
I see a triangle formation.
Between the weekly supply and demand zones. The price can go eitherways. My view about possible break and retests.
Important note: the gap has not been covered yet. Big amount of money trapped there, so it may go down there to release the capital and then rally back up.
GL!
Trade active
Trade closed: target reached:
TP Hit