FXKing009

GBPUSD / STILL LONG

Long
FX:GBPUSD   British Pound / U.S. Dollar
After re-analysing this chart it appears we have a daily trendline which is being respected, I can see that price broke a level of resistance on the 1HR TF and is now retesting
Looking for a long opportunity on this pair

Comments

Good job
+1 Reply
FXKing009 CFDStephenwood
@CFDStephenwood, Thank you my friend
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Price could be trapped, zoom out on 4H and place resistance and support at 1.29847 and 1.27681
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FXKing009 Hussnain3011
@Hussnain3011, If you look at the current structure of price its forming a triangle, If there is a break above that structure then we can look to go long. If price breaks the trendline then we can short this to hell.
I did take a look at your sup/res lines and it matches up but angle them slightly and you will see what im talking about
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i also thounght the market was going to buy but after analysing again i found selling opportunity. .go look at my analysis for more info
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