๐ท๐ตGBP/USD Don't count on continuation of increases
๐ท๐ตGBP/USD Finally reached an important price level marked by a resistance zone. As we can see, the price has repeatedly found it difficult to continue upwards at these points in the past.
๐ท๐ตWill this be the case this time too?
๐ท๐ตThe support zone to which I expect the price to descend is around the cluster of three fibo levels. The first is 0.382 of the entire current upward impulse. The second is the outer level of 1.272 of the entire downward wave from the 1992 peak to the 2001 bottom. The third is the level of 0.886 of the entire upward wave from the 1985 bottom to the 1992 peak.
๐ท๐ตThis is the strongest closest support zone, if we were to fall on it I would expect a strong price reaction.
๐ท๐ตThe scenario I am playing out is the start of a decline with a target landing on the support zone within the next few weeks. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
๐ท๐ต *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
๐If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.๐
๐ท๐ตGBP/USD Finally reached an important price level marked by a resistance zone. As we can see, the price has repeatedly found it difficult to continue upwards at these points in the past.
๐ท๐ตWill this be the case this time too?
๐ท๐ตThe support zone to which I expect the price to descend is around the cluster of three fibo levels. The first is 0.382 of the entire current upward impulse. The second is the outer level of 1.272 of the entire downward wave from the 1992 peak to the 2001 bottom. The third is the level of 0.886 of the entire upward wave from the 1985 bottom to the 1992 peak.
๐ท๐ตThis is the strongest closest support zone, if we were to fall on it I would expect a strong price reaction.
๐ท๐ตThe scenario I am playing out is the start of a decline with a target landing on the support zone within the next few weeks. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
๐ท๐ต *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
๐If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.๐
๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ
๐ฒ To keep up to date with all my activities I invite you to visit my Telegram ๐ฒ
๐ฒ www.t.me/Investmatez ๐ฒ
๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ
๐ฒ To keep up to date with all my activities I invite you to visit my Telegram ๐ฒ
๐ฒ www.t.me/Investmatez ๐ฒ
๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ