There is a chance GBPUSD is about to finish enormous zigzag move on a daily chart.
It means that we might expect a downside move very soon. The development on the 4 hour chart tells us that the pair is struggling to go up. Therefore we should anticipate the breakout of the pattern in the encircled area. When the breakout happens and the price gives us a hint that there is a correction we must sell.
It means that we might expect a downside move very soon. The development on the 4 hour chart tells us that the pair is struggling to go up. Therefore we should anticipate the breakout of the pattern in the encircled area. When the breakout happens and the price gives us a hint that there is a correction we must sell.
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Waiting for a breakout.