Hope you had a wonderfull trading week. 🙇🏾♂️
We've managed to bank just over 450 pips in the first two trading weeks in 2021 🙌🏾
So, an eternal batle here, GBPUSD .
I've marked my previous downtrend (A).
After a breah-through (B) to the upside, the pair failed twice to break the resistence (C), creating a (D), and breaking, as expected after the (D), the RESISTANCE (D'), please note that in the middle of the (D), the pair re-tested multiple times the RESISTANCE (D').
After a successful break-through on the RESISTANCE (D'), we have here TWO POSSIBLE SITUATIONS (E) :
A - A re-test on RESISTANCE (D'), and a drop to the top possible , giving us a chance of 80 PIPs, which can be adjustable to the bottom ( 160 PIPs );
B - A break-through on the RESISTANCE (D'), and a re-test on previous RESISTANCE (C), giving us even a better opportunity to bank 70, 150 and 230 PIPs on its way down.
We WILL WAIT before we enter this trade, and check how the PAIR behave during the first trading days. 👀
IF YOU FOUND THIS INFORMATION HELPFUL, PLEASAE LEAVE YOUR COMMENT. 🙇🏾♂️💙
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