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AlkalineFX
Nov 8, 2021 11:24 AM

GBPUSD: Trendline Traps Long

British Pound/U.S. DollarFXCM

Description

This trendline is creating obvious liquidity that needs to be purged.

The false bearish lure move of the morning suggest sellers have been trapped and therefore need to be stopped.

When they get stopped out I will look for a solid retracement to go long with the team.

What do you think of this idea?
Comments
SpartaBTC
It's a good pamp.
FieryTrading
Looking good mate, thanks for sharing!
JoeChampion
Amazing work Alkaline
CobraVanguard
Very good Idea. Thank you!
WicksAndPips
superb!
P_S_trade
thanks for sharing
ForexTrendline
wonderful analysis, thanks for sharing!
JustTradeSignals
JustTradeSignals
Bulls favoring :-)
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