GBP/USD – Breakout and Retest Setup
We’ve broken below the support zone, which has now turned into a new resistance level. If the price returns to this level, we could see sellers reenter the market and push the price lower.
Strategy: Watch for confirmation at the retest of this resistance before entering a short position. Stay cautious and manage your risk.
Strategy: Watch for confirmation at the retest of this resistance before entering a short position. Stay cautious and manage your risk.
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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.
WiVERIDERS
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.