Balte

GBP/USD trade idea

Long
FX:GBPUSD   British Pound / U.S. Dollar
When we look at the chart we can see that the price has broken out of the resistance. If we are able to get a retrace of the resistance zone and the volume is good, I am willing to enter this trade.

Let me know in the comments what you think of it and feel free to share your idea of this pair also.
If you like the idea, don't forget to give it a like then.
If you have any questions, feel free to PM me.

Trade active: Trade activated at 1.3705. When the price touched the resistance zone.
Trade closed: stop reached: Price isn't able for now to get above the 1,3738 level.
And the DXY is back above the support zone so I think that it could be a bullish day for DXY and so GBP/USD could fall even more.

Comments

Nice analysis
Reply
Balte Cess-gail
@Cess-gail, Thanks!
+1 Reply
Yes nice one°!
Reply
Balte Trading2ez
@Trading2ez, Thanks bro!
+1 Reply
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