As we can see in this chart, a test of the the trendline which I previously theorised could be used as a resistance level formed, resulting in a following volatile test of the upper resistance zone. However, I did not enter this trade due to the lack of any bullish candlestick patterns or a substantial enough test of the area between the 1st and 2nd standard...
The drawn trendline on this chart has acted as an incredibly strong resistance during the current uptrend of the GBP against the USD. Since the breakout of this trendline there has been one retest as a level of support within a relatively short timeframe, with the test pullback being at the 1.25 price level. With the analysis of one or more tests of this trendline...