GBPUSD - Potential Reversal to follow weekly downtrend?
GBPUSD - Rejection or break...
Price is currently sitting near the bearish weekly high (Light grey box), I'm expecting price to reverse from here based on PA..
However price is looking strong and and could reject from the quaterpoint and start breaking to the updside...
Let's see what today brings, we have EQL highs, triple top (Which probably will be taken out, but if price rejects the quaterpoint I will scalp this long, if it breaks and reverses below I'll take it short. (Ideally I'm looking for a SL hunt/4th hit to the high before price reverses)
Whats your thoughts?
Price is currently sitting near the bearish weekly high (Light grey box), I'm expecting price to reverse from here based on PA..
However price is looking strong and and could reject from the quaterpoint and start breaking to the updside...
Let's see what today brings, we have EQL highs, triple top (Which probably will be taken out, but if price rejects the quaterpoint I will scalp this long, if it breaks and reverses below I'll take it short. (Ideally I'm looking for a SL hunt/4th hit to the high before price reverses)
Whats your thoughts?