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on WEEKLY: GBPUSD is sitting around a strong resistance in green so we will be looking for sell setups on lower timeframes.
on H4: GBPUSD is forming a wedge pattern in blue but it is not valid yet so now we are waiting for a third swing to form around it to consider it valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still trade higher.
As price approaches our lower brown trendline, we will be looking for buy setups.
Good luck!
on WEEKLY: GBPUSD is sitting around a strong resistance in green so we will be looking for sell setups on lower timeframes.
on H4: GBPUSD is forming a wedge pattern in blue but it is not valid yet so now we are waiting for a third swing to form around it to consider it valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still trade higher.
As price approaches our lower brown trendline, we will be looking for buy setups.
Good luck!
This analysis is done using RichTL
www.RichTL.com
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT