GBPUSD market breakdown 11-11-2021
GBPUSD / 1D
This is an update on the setup shared before on GBPUSD, As mentioned before,
we observed a high time frame Wycoff distribution (Daily time frame)
which suggested a lot of weakness on this pair.
As it seems, GBPUSD is trading inside a downtrend channel now,
and it's nearing the support level of the channel, we expect the price to reject this level for a pullback.
Trade safe,
Trader Leo.
This is an update on the setup shared before on GBPUSD, As mentioned before,
we observed a high time frame Wycoff distribution (Daily time frame)
which suggested a lot of weakness on this pair.
As it seems, GBPUSD is trading inside a downtrend channel now,
and it's nearing the support level of the channel, we expect the price to reject this level for a pullback.
Trade safe,
Trader Leo.
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