gbpusd short idea

10 Jul 2023

hi traders! this is my idea of what could expect to happen during the breakout of a 4hr + 1hr strong resistance level and now however heading towards the daily resistance trendline which seems to be a thorn bush in the path! the reaction from this could potentially see a reversal to come back in to the zone and bounce back off the support of the trendline to continue a further bullish movement or could this now be a sign of a massive reversal and look to come down even further? I don't know how to upload multiple images however, if it manages to reach and touch the daily trendline their will be currently "3" touches and only 1 touch (which is the beginning) of the support of the daily trendline. thank you and good luck!