as we can see here on the GBP/USD
chart that that market is in a quite unpredictable but important point. right now the market has broken down past a strong support level
to move down and then come back up to test the previously broken area. the line which was previously broken has now become a resistance line, the market came and creates a flag pole pattern under the line. then had a little bit of consolidation, to then have a strong bullish
candle push past the resistance. due to this type of pattern, we will be waiting for the market to create a strong structure outside of the blue box before we trade it. because this type of pattern there are a lot of fake-outs and uncertainty in the markets new direction, patience is needed when trading then safely.