GBP/USD overview
Currency rate is moving in the Downward channel. But as you see on chart, a few days ago Pound bounced up from 10 — months low 1.3026.
Take a look on H4 chart, there you can see how the price bounced from that key level 1.3026.
For me, it is a signal that the currency rate can move up.
I will open buy on GBP/USD near 1.3026 if the price shows my price action Set up.
S/L: 1.2980
T/P1: 1.3320
T/P2: 1.343
P.S. I will write how you can use key levels in trading if this post will get 50 likes.
Currency rate is moving in the Downward channel. But as you see on chart, a few days ago Pound bounced up from 10 — months low 1.3026.
Take a look on H4 chart, there you can see how the price bounced from that key level 1.3026.
For me, it is a signal that the currency rate can move up.
I will open buy on GBP/USD near 1.3026 if the price shows my price action Set up.
S/L: 1.2980
T/P1: 1.3320
T/P2: 1.343
P.S. I will write how you can use key levels in trading if this post will get 50 likes.
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