Hello Bears, I can see the GBP USD is about to make the third top of the bearish correction, by reaching 1.3430 - 1.3450 support area and got some buying volume will liquidity discharge to the 1.3600 -1.3620 resistance area, going short to pounce back to the support area.
as you can see a vertical line on dates 27/10/2021 and 9/11/2021 these cyclic trends will show us some trend impacts.
I put a regression trend between the two dates to see where the price will go, I also highlighted the previous two tops and waiting for the price to make the third one.
Target is 1.3430 - 1.3450 support area, I always prefer to put a hedge position just in case the price goes against us.
Enjoy
as you can see a vertical line on dates 27/10/2021 and 9/11/2021 these cyclic trends will show us some trend impacts.
I put a regression trend between the two dates to see where the price will go, I also highlighted the previous two tops and waiting for the price to make the third one.
Target is 1.3430 - 1.3450 support area, I always prefer to put a hedge position just in case the price goes against us.
Enjoy
