GBP/USD Counter Trend Long Into Resistance
GBP/USD is trending lower, making a series of lower highs and lower lows on the daily timeframe. Looking to buy GBP/USD at Support Area (1.2920 - 1.2940) for a retest and failure at previous Resistance Area (1.3015 - 1.3045). Looking then to join the trend at this same area for a retest of previous Support Area (1.2820 - 1.2840). Stops on this trade idea will be triggered below 1.29.
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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.