Jee_D

GBPUSD - End of pushback

Long
GLOBALPRIME:GBPUSD   British Pound / U.S. Dollar
I bought GBPUSD yesterday night (6 hours ago) and will share what I see to decide this decision.

First of all, GBPUSD is undergoing a nice bullish trend , a strong one with respect to dynamic value area in D1. I noticed GBPUSD directed to this dynamic value (moving average) and prepare myself to check the signs of rebound from it. I expect this rebound, because I analyze the behavior of this GBPUSD . It is often to test resistance more than one when facing it. Coz GBPUSD just tested it one, the repetition test likely happen in near time frame.

Indeed, what I expect happen and my forecast, GBPUSD will potentially go again to 1.42440 to test this major resistance again. If it failed, then, market will go down again (sideways in D1). And before that happen, I will close my buying positions.

Remember, a chart is telling you and I about how the Institutions place their order, and how they move the market. By looking for their money print in your chart, you can ride the market with them and get money.


Happy trading

Comments

Excellent work !
Reply
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