GBPUSD created a pinbar reversal candle on weekly rejecting a weekly resistance and a resistance zone. 1 week back weekly candle closed as spinning top and followed buy a bearish red pinbar candle established a reversal pattern. We can see a daily evening star formation which currently paying the dividend. Retracement is expected here.
Key Points
– Weekly Spinning Top
– Weekly Pinbar Reversal
– Weekly Resistance Zone
Daily
Weekly
