Newbie Here,
Last week, I initiated a short position on GBPUSD due to two retests at key points on the 1-hour chart, coupled with the presence of resistance within the 4-hour timeframe. Is there potential for a breakout beyond this resistance, or are we likely to see a breach of the established support?
Last week, I initiated a short position on GBPUSD due to two retests at key points on the 1-hour chart, coupled with the presence of resistance within the 4-hour timeframe. Is there potential for a breakout beyond this resistance, or are we likely to see a breach of the established support?
Trade closed: target reached