Krischandra2020

Krischandra2020 Updated 

Hello fellow traders, GBPUSD has broken away from the supply zone and continues with the bearish trend. I managed to get a short trade entry at 1.2230 upon breakout and retest of the supply zone. My profit target is 1.2093 with 1:3 risk to reward ratio.

Krischandra2020 Updated 

Here's my analysis of GBPUSD. 1) GBPUSD is predominantly in a down trend. 2) It's curently at a strong support turned resistance zone. 3) It's retraced to 50% FIB of the previous impulse to the downside. 4) There are 2 possible scenarios from here. a) For it to go bullish it must close above this zone and then retest it before moving upwards b) For it...