Why GBPUSD Fell.. And why you should've anticipated it..

Hey Traders,

As you may have saw previously I did many Posts and videos regarding GBPUSD. We discussed how strong sentiment for USD Weakness was pulling GBPUSD up into further key resistance BUT there was still room to go.

Now for many Traders who solely rely on 'Line hitting' for reversals.. it may not have gone so well.. So remember, we are not looking for lines to be hit (i.e. Touch and hit away theories)..

Gauge the temperature of the market with indicators. Do not use them as line hitting methods.

If you always rely on hitting lines you will be whacked out the market. Line hitting does not incorporate Key PA levels it just takes a price average over time from data on the screen.

Instead, look back. Remember what has gone on and use it for future market trading. Do not spend or waste your time guessing..

And always remember, Prices rise and fall to AREAS not points to 0.0001 Place.

IMO GBPUSD likely to drift amongst prev early support. Only Light longs drastically lower due to high price. Any further hits up will be light shorts on rebound.

Trade Safe.