Hey My friend!
It's Me Again with My Analysis.
Now we Looking at GBPUSD, The pair hit it highest high, around Feb/Mar and eversince then, had a rejection to our Lowest level hit during the period of Mar/Apr, where it did a Double Bottom, A W Pattern. And went for Range HIGHER. What's a catch about this Range since highest rejection is, that It has been, since, forming lower highs, and yet failing to Break the double Bottom. Another Waiting Game, not unless you running a prior trade. Waiting for a confirMation of a Breakout.
Not forgetting that price broke out prior lower Bullish Trendline during the rejection of our highest high.
It'd be wise to watch out for candles' pattern formation for a good safe Entry.
Until then I'm 💻
It's Me Again with My Analysis.
Now we Looking at GBPUSD, The pair hit it highest high, around Feb/Mar and eversince then, had a rejection to our Lowest level hit during the period of Mar/Apr, where it did a Double Bottom, A W Pattern. And went for Range HIGHER. What's a catch about this Range since highest rejection is, that It has been, since, forming lower highs, and yet failing to Break the double Bottom. Another Waiting Game, not unless you running a prior trade. Waiting for a confirMation of a Breakout.
Not forgetting that price broke out prior lower Bullish Trendline during the rejection of our highest high.
It'd be wise to watch out for candles' pattern formation for a good safe Entry.
Until then I'm 💻