the GBP/USD currency pair, as it had acted previously as both support and resistance. Note how these “role reversal” levels can work well. The H1 price chart below shows how
the price rejected this level following Jerome Powell’s hawkish speech near the start of last Friday’s New York session with a large bearish outside candlestick, marked by the down arrow signaling the timing of the bullish bounce. This is typically a great time of day to be entering trades in major Forex currency pairs. This trade has beenbased upon the size of the entry candlestick.
Source: Digital Coin News (digitalcoinnews.net)
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