Hello everyone, if you like the idea, do not forget to support with a like and follow.
As per my last analysis (below), GBPUSD rejected our upper brown trendline and traded lower.
Now GBPUSD is approaching a strong support zone.
The lower highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support (1.29-1.3) and brown trendline. (acting as non-horizontal support)
As per my trading style:
As GBPUSD approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
As per my last analysis (below), GBPUSD rejected our upper brown trendline and traded lower.
Now GBPUSD is approaching a strong support zone.
The lower highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support (1.29-1.3) and brown trendline. (acting as non-horizontal support)
As per my trading style:
As GBPUSD approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich