GBPUSD SHIFT IN MOMENTUM SOON!

٣٠ يناير ٢٠٢٤

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

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GBPUSD SHIFT IN MOMENTUM SOON! 📚


👉As we can see price is still trading inside this rising channel making clean higher highs and higher lows, However, price recently got stuck inside this consolidation phase.

👉Meanwhile, price is sitting around a strong resistance zone, where we will be expecting a shift in momentum from a medium-term perspective.

👉However, for the bears to kick in and prove control, we need a break below the lower bound of the recent rangy market, lining up with the last major swing low of the rising channel, Then if we had this break, expect a movement lower, till the lower strong support zone, where we will be looking for new bullish reversal setups.


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and as usual follow your trading plan and manage your risk.

Be patient and good luck!