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VasilyTrader
Nov 25, 2019 8:05 AM

GBPUSD: Consolidation Long

British Pound/U.S. DollarFXCM

Description



the entire month gbpusd is consolidating.
we have a wide horizontal range and the best trading opportunities are lying strictly on the boundaries of it:
shorting the market from resistance
and buying from horizontal support

for trend followers, the best strategy is to wait for a breakout of the range before taking any action.

*we can not estimate how long the market will spend within the range so stick to your plan.
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