GBP/USD Trade Breakdown

7 במרץ 2023

Heavy Resistance holding at Mid Level 1.20500. Large 1H wick to the upside signaling bearish pressure. Price then broke and closed below counter trendline, forming 30min resistance for retest. Below 1H & 5minute moving average for added confluence. Daily, 4H and 1H candles flipped bearish after Entry taken targeting Quarter level 1.2000