GBPUSD now behaves the same as EURGBP in August. What are they so similar? 1) Both pairs made 2 growing waves 2) The first wave is a strong impulse up, and the second slowly reaches the target. 3) Both pairs have reached a strong resistance level. 4) Both pairs have broken an important support line.
And the important point is that it was from this strong level that EURGBP began its strong fall.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.