FX:GBPUSD   British Pound / U.S. Dollar
Daily timeframe analysis:

- Price seems to be respecting the upward trendline and forming an elliott wave pattern
- Price has bounced off of the 0.382 fib level retracement

H1 & H4 timeframes:

- Price has broken the trendline and seems to be continuing down

I like to look at the higher timeframes to get a bigger picture of the trend, market patterns and price action.

As always; wait for confirmation candle...


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