WEEK - nice established down trend -
looking for price to move in direction of trend (down)
DAY - Price is consolidating along White s/r line.
Looks like secondary trendline being respected - if breaks
black trendline looking for it to continue up following plan A
If it respects and holds at black line looking for plan B
4hr - looks like it is respecting black line going with plan A now - secondary line broken. Basically waiting for pull back, price needs to go up more before it begins falling.
buy opp now waiting for the sell opp tho.
looking for price to move in direction of trend (down)
DAY - Price is consolidating along White s/r line.
Looks like secondary trendline being respected - if breaks
black trendline looking for it to continue up following plan A
If it respects and holds at black line looking for plan B
4hr - looks like it is respecting black line going with plan A now - secondary line broken. Basically waiting for pull back, price needs to go up more before it begins falling.
buy opp now waiting for the sell opp tho.
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THIS WAS SUPPOSED TO SAY GBPUSD ...