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StocknetInstitute
Jan 10, 2021 5:26 PM

GBPUSD LONG Long

British Pound/U.S. DollarFXCM

Description

GBPUSD has been in an uptrend for months and we have recently broke resistance. We are looking to go long on the retest of this key level, for continuation in the ascending channel. We will be looking for buys after a potential liquidity grab on the 15M charts after taking out short term buyers who have stops placed under price. The weakness of the dollar and DXY adds confluence to this after greater QE in the States.
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