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BandmanB3
Nov 9, 2022 6:27 AM

GPB - USD Bearish  

British Pound/U.S. DollarFXCM

Description

Previous support has been consistently tested at the 1.15500 level, indicating a strong resistance. My buy level is also a previous level of support so when price reaches that level again and breaks through to form a new level of resistance under that old support it will further indicate a downward trend. Old support = new resistance. A little worried about my levels at 1.15028 and 1.14862. My TP is set at a little higher of my previous fundamental levels of support to ensure a closed out trade. Risk to Reward is 2.32 and my TP is 95 pips. Please leave feedback I'm always tryna learn!!
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