POTENTIAL TRADE SETUP ON GBPUSD
Potential Trade Setup on GBPUSD
The price broke out of a strong resistance trendline which happen to keep the bearish move steady. However, the current resistance zone is holding the price down from further bullish run.
The price is developing, and I am waiting for either a break above the resistance and retest of that zone to take a a BUY trade, or Alternatively if the price drop further downside move, then a SELL trade is good to go.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
The price broke out of a strong resistance trendline which happen to keep the bearish move steady. However, the current resistance zone is holding the price down from further bullish run.
The price is developing, and I am waiting for either a break above the resistance and retest of that zone to take a a BUY trade, or Alternatively if the price drop further downside move, then a SELL trade is good to go.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Note
THE BUY ALTERNATIVE SETUP IS PLAYING OUT WELL ON GU
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