DIONNG

GBPUSD - TRADE IDEA - 2H CHART

DIONNG Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Hey traders, GU has been selling off here since the high of 1.3140 in July. Support 1.2525, Resistance 1.2800. A break of support will open up the 1.2400 Demand area. A break and retest of support for a SELL. A CONFIRMATION that 1.2525 will hold coming into 06:00/08:00 may signify a push higher. Caution with BUYS at SUPPLY/RESISTANCE/LIQUIDITY areas.
DIONNG
Comment:
Traders, price broke below the boxed area at 14:30 with small retest.
Comment:
Traders, downtrend in play(LL's/LH's) until we get a COT. Price boxed in between 1.2510 and 1.2480. Extreme support level from 26/5/23 at 1.2300. ASIAN SESSION.
DIONNG
Comment:
Comment:
Traders, we are still in downtrend. Monitoring price action now(06:02) as London pre-market in progress. Ready to trade either way.
DIONNG
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