TomProTrader

GBPUSD: Moving Into An Action Area, Watch This Level #Forex

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
371 2 10
Friends

Moving into an area of interesting price action. Keep on eye on this one for a movement breakout. The obvious logic of this, is that it's a short, but don't be too sure. There's a lot going on at the moment and it is worth waiting for an outcome where we can see legitimate selling pressure.

NOTE: Despite not being labelled on the chart, we have heavy MA convergence, signalling consolidation, but more importantly.. After MA convergence we would expect to see a strong price move in the direction it goes.

NOTE 2: I am only looking for shorts off this level, I'm probably not interested in longs from here, unless we see significant bullish action. Which seems doubtful..

Best of luck
Tom
Trading Course & Signals Subscription Queries:

- Email: Tomprotrader@gmail.com
- Telegram: @tomprotrader

Public Telegram channel: https://t.me/Tom_Pro_Trader

Instagram: https://www.instagram.com/tomprotrader/?hl=en
Very nice how it hugged the trendline before melting. xD
Reply
thank so muck..
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out