Analysis of the GBPUSD Monthly Time Frame

20 בפבר׳ 2020

Examining horizontal BUY and SELL pressure, allowing us to identify our monthly High and Monthly Low zones. The aim of this analysis was to identify the pattern depicting the way in which price had formed into a descending order (downtrend), explicitly meaning that if eventually we watch price pursue towards our resistance level to retest, then there will be an increased amount of SELL pressure.