GBP/USD -Flirting Resistance *W

Jun 1, 2023

- Great British Pound seen on a more broader picture of
Weekly Time-frame *W (tf) .
Flirting with Trendline Resistance that rejected price action
on 4 times of interactions previously.
Fakeout occurance would be put to stop by 200EMA coming down as
Resistance Ceiling for GBP/USD

Breakout of Trendline + 200EMA re-testing them as Supports would give
much more room for growth regarding GBP



Below Supports

- Daily Order-Block *D OB
- Last Higher Low at 1.18$
- Weekly Order-Block *W OB




TRADE SAFE !

*** Note that this is not Financial Advice !
Please do your own research and Consult your own Financial Advisor
before partaking on any trading activity based soly upon this Idea.

Jun 1, 2023

Note

PoC on *W
Point of Control of VRVP Volume Profile set on Weekly (tf)

Coinciding with the *Daily OB

Jun 1, 2023

Note

Trend Fibb' Retracement
Reclaiming Golden Zone would re-claim strenght.
Lose the 0 zone and breaking last Higher Low would Change the Character (CHoCH)
of current Uptrend

TRADE SAFE

Jun 4, 2023

Note

Bulls showing weakness on *W print.
Can as well be the case of uptrend continuation.
Yet to be seen ;

Jun 17, 2023

Note

GGBP/USD (updated)

*W (tf) - Macro Flirting Trendline Resistance break out.
Strong Bullish Candlestick break-out (price action)
Volume break-out below average

Jul 5, 2023

Note

GGBP/USD

Post Trendline Resistance Break-out
Forming a Bull Flag so far ( on the yellow)
More confirmation awaiting regarding the Resistance break out

Jul 5, 2023

Note

Zoomed in on Bull Flag

Jul 6, 2023

Note

GGBP/USD
Bull Flag break-out

Aug 5, 2023

Note

GGBP/USD
Looking for bounce continuation on BoS level
Support below the broken trendline.
If that fails to hold, downside resumption will take control