GBPUSD
Time Frame: 1H
Market Structure: Healthy Up Trend (Respecting EMA50)
Levels to Consider:
Major Resistance (Down) - 1.2617
If Major resistance breaks we could see a test for major trend LINE or else possibly another chance of down trend for a week.
If Major resistance rejected we could see a retest at 1.2507.
Time Frame: 1H
Market Structure: Healthy Up Trend (Respecting EMA50)
Levels to Consider:
Major Resistance (Down) - 1.2617
If Major resistance breaks we could see a test for major trend LINE or else possibly another chance of down trend for a week.
If Major resistance rejected we could see a retest at 1.2507.
Comment:
Will update this chart every now and then.
Comment:
Wait for a crossover candle at 1.2617 to confirm.
Comment:
We just saw a retest at the trend line, wiping out the sellers. Buyers are at hand!
Trade active:
It just broke out from massively from 1.2617. We want to see major trend line to be broken at 1.2675-1.2680.
Trade active:
It just closed above 1.2617 with a good bullish candle. This is a possible breakout to the Major Trend Line.