GBPUSD "SHORT"
as we can see Price action has already began taking its toll on this pair and we are a few rejection wicks on this pair to the upside
what this indicates taking into consideration the upward trendline currently supporting the structure is that we have a high probabilty for a breakout to the lower marked zones..
what this indicates taking into consideration the upward trendline currently supporting the structure is that we have a high probabilty for a breakout to the lower marked zones..
Note
as we can price has broken out of the zone as stipulated based on a weekly timeframe validating our set up!!!
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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.