the5erstrading

Reversal opportunity GBPUSD 26/04/18

Long
FX:GBPUSD   British Pound / U.S. Dollar
At the higher time frame, GBPUSD has reached a demand level,

Since this demand is not fresh, I'll prefer to look for the reversal position

By following the price at the lower time frame, if the price will breakout the

Resistance zone I'll look for P"A setup of buy position, my final target will

Be the supply above, which is also a great level of sell position.
Comment:
i'll buy at 1.3920

The5ers Funding Forex Traders & Growth Program. Get Funded with up to $2.56M
We Trade Forex - Come Join Us!
the5ers.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.