GBPUSD, long on break of 1.497 or short from 1.52

FX:GBPUSD   British Pound / U.S. Dollar
412 5
I stumbled upon this few weeks ago. GBPUSD looks poised for a test to 1.52 levels (would be a nice area to short ahead of the elections if resistance holds or if consolidation forms.

The measured move of the second box, targets the previous resistance (Box 1) that was broken tested for support and then broken on the way down.

Upside breakout from Box 2 could see 1.52 again being tested for resistance before declines.

Buy on test of 1.497 for support, or look to sell from 1.52 into the election period.
justatrader jangseohee
It should ideally break the triangle now, considering there have been 4 bounces in total.
base on this triangle, i reckon there is a need for price to go lower to around 1.44xx, i could be wrong
justatrader jangseohee
I'm also looking at this.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out