jdenham24

jdenham24

We have an ascending triangle on the weekly chart backed by a bearish shark harmonic above the breakout of the triangle. If/Once broken, the harmonic will create a retrace to retest the broken area before continuing bullish. Price has been struggling at the 0.77000 area and lower time frame confluence suggests it should be broken shortly to push higher.

jdenham24

We have a bearish bat formation and an ABCD pattern at play into previous weekly highs. On lower timeframes there are confluence harmonics/patterns for a pullback before completing the weekly setup. Daily & Weekly structure has been broken as GBPUSD is looking to retrace from the huge bearish trend.