indaytrading

GBPUSD FAKEOUT OR BREAKDOWN

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBP/USD is trading near a support trendline, I plan to buy after a potential fakeout occurs. Monitoring price action and looking for signs of a false breakdown will help confirm a fakeout. Once the market shows signs of rejection below the support, I will enter a long position, aiming for a potential bullish reversal.

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