Hi traders!
We have one very interesting setup right here. As you can all see, GBPUSD is ranging in this 100 pips zone since it's breakout. Amazingly, it finds the way to close multiple days at approximately the same price. Also, this lines up perfectly with a previous huge drop dating back to 2009. If this holds true, we may have this new support for quite some time.
Even though MACD fell quite a lot, the price couldn't really break that support.
RSI still high
DXY couldn't break the resistance for a third time in a row...
GBPUSD LONG:
ENTRY : 1.35127
SL : 1.34163
TP : 1.36986
TRADE SAFE!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
We have one very interesting setup right here. As you can all see, GBPUSD is ranging in this 100 pips zone since it's breakout. Amazingly, it finds the way to close multiple days at approximately the same price. Also, this lines up perfectly with a previous huge drop dating back to 2009. If this holds true, we may have this new support for quite some time.
Even though MACD fell quite a lot, the price couldn't really break that support.
RSI still high
DXY couldn't break the resistance for a third time in a row...
GBPUSD LONG:
ENTRY : 1.35127
SL : 1.34163
TP : 1.36986
TRADE SAFE!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.