Get started
innoxcroom

GBPUSD consolidation before any strong Break

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
innoxcroom Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Beyond Technical Analysis Wave Analysis Chart Patterns international scalpers IS
3
0
beyondta waveanalysis chartpattern international scalpers is
I see price will come and test atleast one more time "Weekly/Daily support Zone" and possible bounce of trendline.

I think price needs little more fuel of consolidation before any strong break. Possible fakeouts!

If this scenario will respect my analysis we can catch nice waves.

Comment:
Trade is still valid. A possible scenario is the price will come and test trendline or maybe break it and test/break 4h Zone.

Still looking for price to come and make 1 more floor on Weekly/Daily Support Zone.
Comment:
News pushed price down strong. EP opened on 1.30280. We have better entry because of it. I'm monitoring the trade in our group. I see kind of "Fakeout" There is alot of news today. Lets see!
Trade closed manually:
After the News opened buy position on- 1.30280, we closed trade with good 28pips profit.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.