MMBTtrader

GBPUSD near strong support and trendline time to add long🚀?

Long
FX:GBPUSD   British Pound / U.S. Dollar
Green path :as we can see here is an important area that we have both :trendline and support that may pump price soon to our targets :
a.1.3940
b.1.4000

and targets can easily reach cause we had great falling until now without any serious rest

Red path :But also we can expect that market continue this strong bearish candles and fall more this scenario that is less acceptable would happen if trendline brake and retest get complete

Blue Arrow is previous analysis :


<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>
Trade closed: target reached: +110 pips
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Comments

Thanks. Do you think the Green path will take it to test the recent high of 1.424 or will it not have enough momentum and will turn bearish after the targets you have outlined?
+3 Reply
MMBTtrader jollymm
@jollymm, i don't think so at the other hand DXY and usd pairs pressure to push GU down and getting it weaker and weaker and at the other hand GBP pairs start providing bearish market so it s kind of hard

but also every thing can change

lets first reach these targets then i will come with an update on it

GU is one of my favorite
Reply
jollymm MMBTtrader
@MMBTtrader, thank u. very much appreciated.
+2 Reply
MMBTtrader jollymm
@jollymm, most welcome
Reply
First target reached! great job!
+2 Reply
MMBTtrader TopTradingSignals
@TopTradingSignals, yup thanks a lot target hit
Reply
love the way you did it
+1 Reply
Nice approach.
+1 Reply
Nice one ! ! !
+1 Reply
Very nice analysis mate, I am also on the same direction
+1 Reply
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