-Monthly and Weekly are at resistance levels (supply zone) where market is found a lot of indecision.
-Daily timeframe is still making HH's and HL's
-H4 Timeframe is still Making HH's and HL's maintaining that HL point on daily looking for the next HH. But there is consolidation being for at the resistance of that Timeframe indicating price isn't getting passed a certain price
-H4 has a trendline leading from point A to point E Major level of support on point E.If support is broken,then so is that trendily indicating that sellers are shifting momentum, but keep in mind with the current structure HH and HL.
-Daily timeframe is still making HH's and HL's
-H4 Timeframe is still Making HH's and HL's maintaining that HL point on daily looking for the next HH. But there is consolidation being for at the resistance of that Timeframe indicating price isn't getting passed a certain price
-H4 has a trendline leading from point A to point E Major level of support on point E.If support is broken,then so is that trendily indicating that sellers are shifting momentum, but keep in mind with the current structure HH and HL.
Comment:
GBPAUD playing out as projected, respecting the trendily and maintaining the uptrend.