TradingView
MissC_FX
Mar 4, 2021 2:27 PM

GBPUSD breakout 

British Pound/U.S. DollarFXCM

Description

On the 30M timeframe, GBPUSD broke out of the trendline and the resistance and after it retested it as a support.
We can expect the price to reach the next key zone of 1. 40 .
Also, if this is only a false breakout and the price comes back down under the 1.39500, we can look for a SHORT opportunity towards the 1.38850 area.



This idea is for EDUCATIONAL PURPOSES ONLY and should NOT be treated as FINANCIAL ADVICE !!

More