Here on the 1Hr Chart 
GBPUSD has formed what seems to be a Continuation Pattern, the Bear Flag!
Now, with Price in a decline prior to entering the Consolidation Phase of the Pattern, this suggests that Price will continue further down if this Break is Validated and a Retest is Successful!
We will want to see:
1) Strong Breaking Candle that is followed by Accumulation of Bearish Volume!!
2) 10 - 20% of the Range, Past the Break
3) 3 - 5 Closing Candles, Outside of Break, Before Retest
This is considered the True or False Formula to determine if its a True Breakout or False Breakout.
RSI is Below the 50 in Bearish Territory with room to stretch Oversold strengthening the Bearish bias.
GBPUSD has formed what seems to be a Continuation Pattern, the Bear Flag!Now, with Price in a decline prior to entering the Consolidation Phase of the Pattern, this suggests that Price will continue further down if this Break is Validated and a Retest is Successful!
We will want to see:
1) Strong Breaking Candle that is followed by Accumulation of Bearish Volume!!
2) 10 - 20% of the Range, Past the Break
3) 3 - 5 Closing Candles, Outside of Break, Before Retest
This is considered the True or False Formula to determine if its a True Breakout or False Breakout.
RSI is Below the 50 in Bearish Territory with room to stretch Oversold strengthening the Bearish bias.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
~~~~
Join me in Patterns To Profits on Discord
- Live pattern breakdowns
- No signal selling / - No Guru Hype
- Just structure and probability
- discord.gg/zKWvwJgFq
Keep It Current,
With Novi Fibonacci!
~~~~
Join me in Patterns To Profits on Discord
- Live pattern breakdowns
- No signal selling / - No Guru Hype
- Just structure and probability
- discord.gg/zKWvwJgFq
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
~~~~
Join me in Patterns To Profits on Discord
- Live pattern breakdowns
- No signal selling / - No Guru Hype
- Just structure and probability
- discord.gg/zKWvwJgFq
Keep It Current,
With Novi Fibonacci!
~~~~
Join me in Patterns To Profits on Discord
- Live pattern breakdowns
- No signal selling / - No Guru Hype
- Just structure and probability
- discord.gg/zKWvwJgFq
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。