GBPUSD: Looks Bearish But Also Complicated

GBPUSD: Looks Bearish But Also Complicated

The ascending channel we see on the chart is another GBPUSD pattern
that is getting ready to be confirmed as a bearish pattern.

It may drop further from the current position if all goes well.

The problem is that GBPUSD already invalidated 3 other patterns before it
created the bearish channel. This is the tricky problem with GBPUSD as it can
invalidate this bearish pattern in the same way as it did before.
This is what you should know before trading GBPUSD.

Thank you and Good Luck!