gbpusd has retested a resistance trendline.
this trendline is based off of the four hour candlesticks.
price has also shown us bearish momentum at this trendline.
i have gone with a 1;3 risk to reward.
risking 43 pips to gain 131.
my stop loss has been set above the previous highs and take profit targets of the support trendline drawn on the chart.
this trendline is based off of the four hour candlesticks.
price has also shown us bearish momentum at this trendline.
i have gone with a 1;3 risk to reward.
risking 43 pips to gain 131.
my stop loss has been set above the previous highs and take profit targets of the support trendline drawn on the chart.