TradingView
848evo
Mar 23, 2016 2:15 PM

[ANALYSIS] GBPUSD Breaks TL 

British Pound/U.S. DollarFXCM

Description

Looks like GBPUSD had a bear push to the downside breaking the rising TL and invalidating the previous trade setup. For those that went short, I would wait for a pullback to retest the TL and exit the trade for a few pips profit. For now, waiting to see if PA can push past the current support level and also looking for a retest of the TL before determining direction.

Thanks for viewing my analysis! Please hit the LIKE button if you agree and FOLLOW me for more analysis!
More