GBPUSD AROUND A STRONG SUPPORT ZONE
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
GBP/USD IS AROUND A MASSIVE SUPPORT ZONE
As we clearly see price is trading inside this falling channel
So, from a short-term perspective price is still bearish .
However, price is around a strong support zone where we are speculating a bullish reversal.
For the bulls to kick in from a short-term perspective we need a break above the marked last swing standing
Then a movement higher would be expected
1-2 Risk to reward ratio from a risk management perspective.
Until that happens, we are still bearish .
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
GBP/USD IS AROUND A MASSIVE SUPPORT ZONE
As we clearly see price is trading inside this falling channel
So, from a short-term perspective price is still bearish .
However, price is around a strong support zone where we are speculating a bullish reversal.
For the bulls to kick in from a short-term perspective we need a break above the marked last swing standing
Then a movement higher would be expected
1-2 Risk to reward ratio from a risk management perspective.
Until that happens, we are still bearish .
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Comment:
Telegram channel: t.me/Snipers_F_x