Price is coming from H4/D1 supply zone and there is ltf downtrend. Retest of this supply was a good opportunity to join this trend.
That should interest you
The GBPUSD is another currency pair that’s mostly sideways right now.
I’ve discussed how 1.3480 is support on a weekly closing basis for the last few weeks.
However, GBPUSD bulls have been unable to clear the 1.3700 resistance area on the weekly time frame.…
On D1 chart of GBPUSD we could see Rising Wedge pattern formed. This geometry has greater chances for bearish breakout. During last session price has been falling. If it will cross bottom line, it would be sign for next losses. However if pattern would be exited…