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GBP/USD Prints Two Gravestone Dojis at Resistance

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forexbrokr.
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Direct from the desk of Dane Williams.



GBP/USD has been at daily resistanace for a while now.

I've shared two versions of the same Cable daily chart below, just at different zooms. The first shows the zone and the second highlights the candles forming.

GBP/USD Daily:

GBP/USD Daily Zoomed:

Price action trading isn't just about finding what your trading textbooks call reversal or continuation candle patterns and pulling the trigger. Alone, candle patterns like this don't mean anything more than indecision in a market.

But when they form on top of support/resistance zones like this, the odds start to shift further to your favour and here you can see GBP/USD has printed two gravestone dojis at daily resistance.

Let's see how this one plays out.

Best of probabilities to you,

Dane.



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