GBPUSD-Weekly Market Analysis-Jan21,Wk1
On both the 4-hourly chart and the daily chart I've observed a break and close above the previous high, what's interesting is that the new structure break looks weak, a situation like this has the potential to open up for a bigger drop.
For that I'm waiting for a break and close below the red line on the 1-hourly chart, preferably closing below the blue trendline to engage my trend reversal trade.
For that I'm waiting for a break and close below the red line on the 1-hourly chart, preferably closing below the blue trendline to engage my trend reversal trade.
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