GBPUSD Possible Retrace Level (10/10/2016)

Period : Short to Midterm Trade .

Haven't use this type of analysis for awhile , but the result has been positive.

Buy when price break the red line and watch how the price react on each level .

Comment:

As the chart said, price failed to break the downtrend line and continue its bearish move.

But let's see if the price can hold the 3rd level 1.22459

Comment:

Will buy when price breaks this area

Trade closed manually