30M Repeating Structure – Reversal Zone Identified

Wait 5 sec.

30M Repeating Structure – Reversal Zone IdentifiedBritish Pound / U.S. DollarFOREXCOM:GBPUSDsddhrthmallick736On the 30-minute time frame, a similar repeating market structure can be observed, indicating a pattern-based behavior in price action. Based on this repetition, a potential reversal zone has been identified. If the market respects this structure again, we can expect a up side move from this area. Confirmation through price action will be key before considering any directional move.