--- A QUICK UPDATE ON GBPUSD PRICE ALREADY BROKE THE WEEKLY STRUCTURE (1.7040) ON MONDAY, 31ST JUNE.
THE BREAK IS NOT SUFFICIENT DUE TO THE STRENGTH OF THE AREA BROKEN.
WE NEED A MORE POWERFUL BREAK UPSIDE OF THIS AREA. (IN OTHER WORD; WE NEED PRICE TO TRADE BACK BELOW 1.7041) THIS IS WHY THE SHORT IS THE ONLY OPTION FROM THE 1.7162 LEVEL.
KEY NOTE: WE WILL LIKE THE PRICE TO CLOSE BELOW 1.7164 TODAY .
GOOD LUCK
--- A QUICK UPDATE ON GBPUSD PRICE ALREADY BROKE THE WEEKLY STRUCTURE (1.7040) ON MONDAY, 31ST JUNE.
THE BREAK IS NOT SUFFICIENT DUE TO THE STRENGTH OF THE AREA BROKEN.
WE NEED A MORE POWERFUL BREAK UPSIDE OF THIS AREA. (IN OTHER WORD; WE NEED PRICE TO TRADE BACK BELOW 1.7041) THIS IS WHY THE SHORT IS THE ONLY OPTION FROM THE 1.7162 LEVEL.
KEY NOTE: WE WILL LIKE THE PRICE TO CLOSE BELOW 1.7164 TODAY .
GOOD LUCK