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Lay-Z
Oct 23, 2016 7:59 PM

$$GBP.USD (UPDATE)  

British Pound/U.S. DollarFXCM

Description

Currently No Bias (Waiting For Price Action To Show Me Where The $$ At.
More Info In Charts.



After Re-Constructing My GBP.USD Charts I Have Acknowledge A Few Interesting Area's
Concerning That Long Positions I Previously Posted.
After Being Around Roughly
80pips in profit I Started to identify price dropping back to my buying price.

-- I've Acknowledge Price May Have Failed
To Break Out Of Resistance Area Around The Price Level 1.23295.

--However Being A Structural Trader I've acknowledge Price Still Bouncing off support structure

Anyways Right Now I've have no bias towards the direction of this pair, it can break support trend-line
and contiune to rally down in a downward trend or breakout of minor resistance trend-line and possibly
re-test major resistance trend-line which has been holding down price since mid august.

Order cancelled

Price Failed To Break out RE zone, nowhere near entry. set up invalid for now
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