OANDA:GBPUSD   British Pound / U.S. Dollar
as we can see on the GBP/USD chart, that the market had been in an overall descending market for a long period now. this market was previously trending within a sideways channel and has been having small short term movements between them. as of now, we can see that the market has broken past a previous support level and now has tested back at the level with accessive long wicked candles, which is a very strong sign of price being rejected in a certain area. so right now we are looking for price to reject further and move momentum into the downside areas. also due to this type of pattern, there is also a degree of uncertainty because of the candle spikes, so always wait for confirmation candles and proper confirmation before entering.
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