Fellow Traders! I have spotted a potential trading opportunity, GBP/USD (LONG)
Consolidation & Bullish Breakthrough
Resistance at a key support level
Rejection At Fib Level 61.80
Previous Strong Bullish Momentum
Fellow Traders! I have spotted a potential trading opportunity, GBP/USD (SHORT)
I expect the price to either reject off this key level or potentially continue to break through resistance, creating a new support level and continuing to travel to the next key resistance level which is currently on a downtrend. However, I believe this is unlikely....