Hello everyone!
I write this update because GBPUSD broke trendline and right now price is at a sensible level. I have two scenarios right now:
If this level ( acting as a resistance and trendline retest) reject the price we take into account SHORT position.
On the other hand if price will go higher 1.25080 and comes to retest that area we may look for LONG entries.
Thank you for reding! Keep in mind that my analysis is not 100% accurate so use your own entry rules.
If you think my analysis help you hit the like button or leave a comment. I am looking for your comments to hear what you think about my chart.
I write this update because GBPUSD broke trendline and right now price is at a sensible level. I have two scenarios right now:
If this level ( acting as a resistance and trendline retest) reject the price we take into account SHORT position.
On the other hand if price will go higher 1.25080 and comes to retest that area we may look for LONG entries.
Thank you for reding! Keep in mind that my analysis is not 100% accurate so use your own entry rules.
If you think my analysis help you hit the like button or leave a comment. I am looking for your comments to hear what you think about my chart.