GBPUSD: Where will the price go from the range?
As we can see, the pound dollar collects energy in the range.
We approached a strong upward support, tried to make a counter-trend breakout, it turned out to be false, in fact, liquidity was seized, that is, energy was gained for an upward movement, which I hope will be, since I expect the instrument to break through 1.416, gain a foothold and continue to move towards the key point, where at the moment the maximum accumulation of shortists is the red liquidity zone - 1.425
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
We approached a strong upward support, tried to make a counter-trend breakout, it turned out to be false, in fact, liquidity was seized, that is, energy was gained for an upward movement, which I hope will be, since I expect the instrument to break through 1.416, gain a foothold and continue to move towards the key point, where at the moment the maximum accumulation of shortists is the red liquidity zone - 1.425
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
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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.
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.