GBPUSD is reaching its parallel support after huge drop in price

١٤ أبريل ٢٠٢٣

Hi traders,

GBPUSD is touching its parallel channeling support.

Although the overall trend is still very bullish, the big downside movement could give us a signal that reversal trend will happen soon.
Therefore, I will put conservative trade with target price in its Fibonacci retracement 0.5 and stop loss 10 pips from the support.

Good luck!

Happy profit

١٧ أبريل ٢٠٢٣

أغلقت الصفقة: تم الوصول لوقف الخسارة

Unfortunately it hit the stop loss this morning.
However, trader should look another confirmation for long position.

Good luck!