GBP/USD - 03/11/2021
GBP/USD (H4) - price currently retesting the previous lower low which could be forming a break and retest level, if we hold strong then we could look for sells back down to 1.36058 however if the retest fails we will be targeting small R/R reversal trades back up to 1.36510
GBP/USD (M15) - we can see the break and retest pattern in affect here. Price has retested this structure before and sold off and now we are tapping into this level for the third time. If we continue to reject I will look to target sells when price reaches 1.36224 however I would expect a big pump to the upside if this newly found resistance fails to hold.
GBP/USD (M15) - we can see the break and retest pattern in affect here. Price has retested this structure before and sold off and now we are tapping into this level for the third time. If we continue to reject I will look to target sells when price reaches 1.36224 however I would expect a big pump to the upside if this newly found resistance fails to hold.
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