GBPUSD broke and closed below the consolidation zone, which became the resistance level.
The market created a resistance level at 1.25800, which is a consolidation border.
Price tested this level multiple times, creating structure shelf.
We expect a move down since we have a bearish trade, completing the AB=CD formation.
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The market created a resistance level at 1.25800, which is a consolidation border.
Price tested this level multiple times, creating structure shelf.
We expect a move down since we have a bearish trade, completing the AB=CD formation.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
90% accuracy in telegram
🔻FREE Telegram channel🔻
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Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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.