GBP/USD - Short term Buy and then long term Sell

11 במאי 2020

Price is in a sell position for on the Monthly and Weekly time frame. Price is also forming a W formation on the H4. If price buys past resistance zone 1 then it should continue buying until resistance zone 2 around (1.25959) and then sell back down to between support zone 1 and 2. Price could also sell around resistance zone 1 (1.24714).