Hi guys, my GBPUSD went in and out of profits all night, then got stopped out. After some sleep and fresh eyes, we can see a strong area of resistance forming around the 1.2530ish area. This is sort of a channel trade (with an ugly channel). We have strong support around 1.2480ish. I am short (prices marked on the chart), but the real trade to catch will be a break either above or below this price range. We should cycle down one more time. That's why I am short.
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
Comment:
Moving my stop to BE incase it gets bouncy like yesterday.
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