GBPUSD - USING PRICE ACTION - BREAK OUT AND RETEST

٢ يناير ٢٠٢٣

1.2148 area was a support area that turned resistant, was broken to the downside, though lots of touches that looks like struggles between buyers and sellers, I could see a HL at 1.22431 and LL at 1.19922, if this LL still holds before a retest of 1.2148 area which is a resistant area, falls between 61 and 79 Fib Retracement and 45 degree likely trendline. I think a sell around 1.2148 is likely, the chart says the rest, TP1, TP2, SL and Entry Area. I always apply proper risk management. ONLY FOR DAY TRADER.