A large number of options with GBPUSD is giving us 3 main scenarios:
1. Yellow - the simplest, we wait for little up movement and then the continuation of the following correction;
2. Purple - some concave movement after which the top is retested and maybe we'll have another top after which we have another 2 options:
2.1 - Purple - here we have some flat correction and possible continuation of GBP price recovery;
2.2 - Green - after a new top is there we have an aggressive sell-off to complete a sufficient correction;
1. Yellow - the simplest, we wait for little up movement and then the continuation of the following correction;
2. Purple - some concave movement after which the top is retested and maybe we'll have another top after which we have another 2 options:
2.1 - Purple - here we have some flat correction and possible continuation of GBP price recovery;
2.2 - Green - after a new top is there we have an aggressive sell-off to complete a sufficient correction;
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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.