As you see in the 4H chart, price has been rejected and pushed to the downside after retesting the red resistance zone.
Currently, price is making a reversal double top pattern and is facing a downside pressure.
If it breaks the yellow support level which is also the neckline at 1.3572 and closes a bearish 4H candle below this level, I expect a drop on GBPUSD to the green support zone around 1.35
Currently, price is making a reversal double top pattern and is facing a downside pressure.
If it breaks the yellow support level which is also the neckline at 1.3572 and closes a bearish 4H candle below this level, I expect a drop on GBPUSD to the green support zone around 1.35
Join My Telegram Channel:
t.me/Tradia_Channel
Follow My Instagram:
Mahtab_Tradia
My YouTube Channel:
youtube.com/channel/UCLVMX3VGgdo8d02jF99SihQ
t.me/Tradia_Channel
Follow My Instagram:
Mahtab_Tradia
My YouTube Channel:
youtube.com/channel/UCLVMX3VGgdo8d02jF99SihQ