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UGTraders
Nov 16, 2018 2:40 PM

GBPUSD UPTREND?! 

British Pound/U.S. DollarFXCM

Description

As we mentioned earlier that we should be careful if the market penetrated the resistance level, in the last few hours before the up rally we could not see any active downtrend..

I would go for a countertrade, yes it has a big stop loss, but there is no other indication right now on the chart, and I would target the trendline again...

Happy trading and always use stoploss!

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