GBPUSD
hello traders
my week setup for GBPUSD . the pair has been on a bullish trend since price got to 1.20436 and it rallied up to 1.28092 .then price made bearish reversal to 1.22428 .and price is currently rallying up to break the previous high on the H4 and price will get to 1.29337 before any reversal .i.e if price continues to flow with the current upward trend.
the upward trend started :
a bearish movement from 30 april -17 may .
and the bulls from 17 may to 10th june .
and the bears from 10th june to 30th june .
i expect a reversal from the current price of GBPUSD (1.26126) this is due to the double top made by the candle sticks on the h4 and its also a significant level . till price gets to (1.24553) .before the bulls take final control of the market and rally price to( 1.30000).
But if price violate (1.24349) we should expect some bearishness.
NOTE: all significant levels have been market with a blue trend line .
stay positive .
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