We are looking at history on GU!
Hello traders!
Such a nice down trend on D1 on Gbp/Usd.
I was looking on the graph and saw some important things if you are thinking to buy or sell.
The down move that we see right now could end on the biggest support from the past 40 years (1.14), i measure the last down move and the exact amount of pips will be on this important support.
Are you thinking to buy? well we can see another 100 pips or maybe more on the down trend + we down have too many factors that show us to buy, only the mindset that the price is too low (this is not a good argument).
Are you thinking to sell? the move is almost finish and what we learn all the time, we sell high and buy low, think again if you want to sell.
This idea is just what i think the price can do, make your own decisions!
Have a great week trade and Salut!
Such a nice down trend on D1 on Gbp/Usd.
I was looking on the graph and saw some important things if you are thinking to buy or sell.
The down move that we see right now could end on the biggest support from the past 40 years (1.14), i measure the last down move and the exact amount of pips will be on this important support.
Are you thinking to buy? well we can see another 100 pips or maybe more on the down trend + we down have too many factors that show us to buy, only the mindset that the price is too low (this is not a good argument).
Are you thinking to sell? the move is almost finish and what we learn all the time, we sell high and buy low, think again if you want to sell.
This idea is just what i think the price can do, make your own decisions!
Have a great week trade and Salut!
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