Get started
MarcellusLUX

Waiting for another dip in GBP/USD before buying

British Pound / U.S. Dollar (FX:GBPUSD)  
MarcellusLUX Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdanalysis gbpusdlong
13
3
trendanalysis chartpattern beyondta gbpusd gbpusdanalysis gbpusdlong
Hello traders, with nearly 70% of the retail traders long in GBP/USD,
I can definitely say that many of you are waiting for a strong uptrend
in GBP/USD.

However, 1.2224 level is a key hurdle for GBP/USD. Bulls need to break
this level for the uptrend to carry on.

That being said, I currently have no open positions in GBP/USD. My trading
plan is to buy GBP/USD if price falls to 1.2050-1.2090 zone
Comment:
As expected price has dropped

Related Ideas

MarcellusLUX
Buy the dips in GBP/USD
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.