be careful with shorting the bottom of GBP/USD.. Looking At Gbp/USD There are many signs of a possible reversal in trend.
I've seen to identify possible support structure on GBP/USD Where price has bounce of the support area 3x.
However price is currently testing the 76.4% which it's struggling to close above, however i'm anticipating a 'Possible Break' upwards
And I Will not be entering this set up until i see a confirm close above 1.23859.
More Details Are On Chart.
I've seen to identify possible support structure on GBP/USD Where price has bounce of the support area 3x.
However price is currently testing the 76.4% which it's struggling to close above, however i'm anticipating a 'Possible Break' upwards
And I Will not be entering this set up until i see a confirm close above 1.23859.
More Details Are On Chart.
Comment:
Price is in a consolidation zone, as i said it may possible break out upwards, but i will wait for confirmation before entering a long (as said on chart) however as i said in the description price is also struggling to close above 76.4% which may lead to more selling if price close below and more selling momentum to break the support trend-line where we may see price drop down back to 1.9022 i will also get in shorts if price does break out downwards as for now am flat and waiting for the opportunity of a possible breakout in either direction reveals it's self.
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