As it broke the short term trend within the long sell trend, it has the potential to go up. buys can be triggered from this zone all the way to up. and zone above will be very good for sell entries.
Simply, SELL on the retest. take profits and enjoy ;)
wait wait and wait, looks like pound is now no more buy Here's a quick trade for you, just wait for the price to reach the level.
A bullish trend is currently standing at a strong resistance point, making a bullish flag pattern and may end up in a downward intraday trend.
As market is in a retesting phase after a long move, its potential is in upward direction. Wait for a huge bullish candle to break the resistance at 1.39255, and it will continue its upword trend.
GBPUSD: BUY ON RETRACEMENT BUY FROM SUPPORT AND AIM FOR THE RESISTANCE Thanks me later.