PriceActionTrading
Short

GBPUSD SUPPORT TURNED RESISTANCE?

FX:GBPUSD   Pound Sterling/U.S. Dollar
61 2 2
The trade we all dream of entering, in retrospect that is.
Take it or leave it guys.
Analysis are all there.
Take note especially the H4 RSI divergence.
Wait for favourable H4 bearish pin bar engulfing bars.

Support broken turned into resistance?
bearish engulfing formed on D1.
look towards H4 for further confirmation of retracement onto 1.548 region with rejection bias.
Reply
price broke and closed above 1.55 easily.
trade invalidated on the D1 level. look out for this week close (whether above or below 1.55) before considering this trade.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out