USDGBP 1h chart analysis simple price acion
Its a simple price action strategy
its was making HL and LL then it took support on 0.71533 making double bottom on lower time frame
now on 1h time frame it has made downtrend wedge type pattern if it breaks down after a retest there will be higher probability of a downtrend
if it breaks above the triangle patterns and retest the trend line there will be higher probability of a uptrend
its was making HL and LL then it took support on 0.71533 making double bottom on lower time frame
now on 1h time frame it has made downtrend wedge type pattern if it breaks down after a retest there will be higher probability of a downtrend
if it breaks above the triangle patterns and retest the trend line there will be higher probability of a uptrend
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