GBPUSD Case Study (Part 2)
Weekly Timeframe
Weekly structure seems a little choppy.
Can be difficult too spot essential support and resistance levels on the weekly timeframe.
Confluences spotted:
Weekly downtrend
Price at weekly support
Anticipate price moving upwards towards the trendline which also combines with the 50% fib level
Weekly Timeframe
Weekly structure seems a little choppy.
Can be difficult too spot essential support and resistance levels on the weekly timeframe.
Confluences spotted:
Weekly downtrend
Price at weekly support
Anticipate price moving upwards towards the trendline which also combines with the 50% fib level