GBPUSD > The Best Level to Look for A Sell..
Analysis of #GBPUSD
Hi traders, today we will have a look at #GBPUSD
looking at the chart, you can see the market has violated the uptrend as highlighted by the circles looking left.
I still expect the market to keep moving up but as you can see we have multiple tiers of resistance and I don't want to be involved in any buy trade right here right now
what I like to see is, the market to keep pushing up to 1.2200 which is also a Fibonacci 0.618 retracement, and where the market failed to break to the upside instead started drifting to the downside so if the market pushes up to the 1.22 level I will look for a sell
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #GBPUSD
looking at the chart, you can see the market has violated the uptrend as highlighted by the circles looking left.
I still expect the market to keep moving up but as you can see we have multiple tiers of resistance and I don't want to be involved in any buy trade right here right now
what I like to see is, the market to keep pushing up to 1.2200 which is also a Fibonacci 0.618 retracement, and where the market failed to break to the upside instead started drifting to the downside so if the market pushes up to the 1.22 level I will look for a sell
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
