on the gbp/usd
, I drew up some basic s/r lines which have been tested both ways e.g (support being tested for resistance and vice versa). The support line where price has touched seems to have respected that area so I am hopefully preparing for a set up.
There are two outcomes to this, either price breaks support and retests the support zone
below it OR price retests the current support zone
and bounces off it.
either way make sure to check on this set up and also I have seen a inside bar
set up on the 4hr timeframe and will include this in my analysis.