Predictindex
Long

GBPUSD Possible Retrace Level (10/10/2016)

FX:GBPUSD   British Pound/U.S. Dollar
232 0 7
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
snapshot
Trade closed manually
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