tradertetris

Trading Basics 101 with $GU

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD monthly chart looks like it's printed straight out from a Beginners' Trading book and honestly, it can't get any easier than that.

Well then, what would you do?
Look for a swing long position at retest once its able to break through resistance and price moves back inside the range.

Also, considering that the monthly close is in 3 days from now, it could indicate a bullish move if the candle closes above s/r

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.