UnknownUnicorn2396129

GBP/USD POTENTIAL MOVE OPPORTUNITY

OANDA:GBPUSD   British Pound / U.S. Dollar
as we can see here the pound has just had a strong move to the upside, against the dollar. previously the market has been trending within the top and bottom blue support and resistance levels, and now the market is approaching the top level again. in the past there have been strong tests on this level with different types of single and multiple patterns, after seeing these multiple tests the market then moved back to the downside. however, because of how strongly the market has moved up, it could mean that a potential breakout could happen. so around the top resistance level make sure to look out for another confirmation pattern, to indicate momentum back to the downside, or another strong move to the upside to then break through the level and create new structure in higher areas. but always use candle confirmation or help from different patterns or indicators before entering.
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