GBPUSD- 11Feb2022
On the H4, price bounced to as high as 1.3640 before facing bearish pressure from the descending trendline, Fib resistance. It closed back down around 1.35530.
We need to take note of price action at 1.3530 in which closing below on H4 could trigger sell-off to 1st Support at 1.34930.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the H4, price bounced to as high as 1.3640 before facing bearish pressure from the descending trendline, Fib resistance. It closed back down around 1.35530.
We need to take note of price action at 1.3530 in which closing below on H4 could trigger sell-off to 1st Support at 1.34930.
This is for personal record purposes only, not financial advise or solicitation of trade.