GBP/USD Long
1Day - Currently in descending pattern at a zone for potential reversal. Overall strong bearish candles.
1hr - Can see the end of a clear Head & Shoulder formation. Candlestick has yet to close but still in the zone for a potential reversal.
15min - Strong bearish candlestick closed in zone with a morning star trying to confirm reversal.
1min - Looks like it's testing the support level at around 1.22783
Overall, we still need that strong bullish candlestick to confirm reversal. I will be keeping a look out for potential entries.
1Day - Currently in descending pattern at a zone for potential reversal. Overall strong bearish candles.
1hr - Can see the end of a clear Head & Shoulder formation. Candlestick has yet to close but still in the zone for a potential reversal.
15min - Strong bearish candlestick closed in zone with a morning star trying to confirm reversal.
1min - Looks like it's testing the support level at around 1.22783
Overall, we still need that strong bullish candlestick to confirm reversal. I will be keeping a look out for potential entries.