A detailed explanation of the pound/dollar pair and how the trend changed from bearish to bullish
Currently, the price is forming an ascending channel in blue color, and it crossed the supply area in red color upwards, and retests it
Also, the price forms a small sub-channel in green color, and the price is based at the lower trend line of the channel, from which it can rise
But if it is broken downwards, the price will trade towards the lower trend line of the channel, colored blue, from the daily time frame
good luck for everbody
