Aight fam, I am doing review today, about GBPUSD last week market. Lets see...
GBPUSD was in an uptrend, and after we break the trendline we see that GBPUSD came down to retest the Demand zone, however after that retest, we see that market was still respecting the zone by testing it continous, which lead to our consolidation trend, so now the resistance is very strong which made us see that there is posibility of the market breaking the Demand zone, which will lead to our potential downtrend. Therefore in this consolidation we have two options. First a break away from the resistance level which will lead to a potential buy and uptrend and second a break out of the Deman zone which will lead to our potential downtrend. Expert what is your opinions? lets drop our opinion in the comment box.
GBPUSD was in an uptrend, and after we break the trendline we see that GBPUSD came down to retest the Demand zone, however after that retest, we see that market was still respecting the zone by testing it continous, which lead to our consolidation trend, so now the resistance is very strong which made us see that there is posibility of the market breaking the Demand zone, which will lead to our potential downtrend. Therefore in this consolidation we have two options. First a break away from the resistance level which will lead to a potential buy and uptrend and second a break out of the Deman zone which will lead to our potential downtrend. Expert what is your opinions? lets drop our opinion in the comment box.