Hey Guys,
GBPUSD is retesting the resistance area which it broke previously if it's in bearish mode on hourly this resistance will act as point of reversal to downward move. So we are expecting to enter short in GBPUSD only on break of trendline. Sometimes false breakout happens, part of the game. If you are an aggressive trader out there hourly candles are facing higher price rejection at the resistance area so that you can enter, but aggressive means higher risk in trade.
Check your risk n reward before initiating any position. I have marked targets at half-way bcos I have planned to book partial positions profit little earlier.
Hit likes if you agree...thanks for you support !
Happy Trading !
GBPUSD is retesting the resistance area which it broke previously if it's in bearish mode on hourly this resistance will act as point of reversal to downward move. So we are expecting to enter short in GBPUSD only on break of trendline. Sometimes false breakout happens, part of the game. If you are an aggressive trader out there hourly candles are facing higher price rejection at the resistance area so that you can enter, but aggressive means higher risk in trade.
Check your risk n reward before initiating any position. I have marked targets at half-way bcos I have planned to book partial positions profit little earlier.
Hit likes if you agree...thanks for you support !
Happy Trading !
