GBPUSD 4H Next Possible Movement
Hello Traders it been a while since we didn't share any analysis here we are back at the Game let dive In on the $GU 4H Timeframe Analysis.
We See a clear rejection of the price 1.2500 we can count it as a support Area and now the price start ranging it accumalte liquidity to either Goes Upside or downside but the Next Move will be massive, We have To Possible Scenarios.
1- We break to the Upside, that our confirmation then pullback and move to 1.2750 Areas.
2- Second Scenario is a continuation of the current bearish movement to break to the Downside then Pulback or retest the previous support that will became Resistance!
We See a clear rejection of the price 1.2500 we can count it as a support Area and now the price start ranging it accumalte liquidity to either Goes Upside or downside but the Next Move will be massive, We have To Possible Scenarios.
1- We break to the Upside, that our confirmation then pullback and move to 1.2750 Areas.
2- Second Scenario is a continuation of the current bearish movement to break to the Downside then Pulback or retest the previous support that will became Resistance!
The market made a full close on the 4H timeframe i guess the market still moving bearish this is a Setup for an Entry!
If you agree let me know