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DeGRAM | GBPUSD breaking consolidation zone

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
DeGRAM  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Support and Resistance gbpusdanalysis gbpusdsignal
6
1
trendanalysis chartpattern supportandresistance gbpusdanalysis gbpusdsignal
GBPUSD broke and closed below the consolidation zone, which became the resistance level.

The market created a resistance level, which is a consolidation border.

Price tested this level multiple times, creating structure shelf.

We expect a bearish trade.


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