Search
Products
Community
Markets
News
Brokers
More
IN
Get started
Community
/
Ideas
/
Price Moves Back Into Box,Consolidation
British Pound / U.S. Dollar
Short
Price Moves Back Into Box,Consolidation
By TaherJalili
Follow
Follow
Aug 20, 2020
9
Aug 20, 2020
There have been some solid contrarian moves in the last 24 hours.
The GBPUSD is a good example of this with price quickly snapping back below the major resistance level just as quickly as it broke out.
The support level of the recent consolidation and sideways pattern looks a key level for where this market moves next.
Chart Patterns
consolidation
major_resistance
sidewayspattern
support_level
Trend Analysis
TaherJalili
Follow
Also on:
Related publications
Solid Breakout in Play
by TaherJalili
Disclaimer
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
.