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Forex48_TradingAcademy
Sep 3, 2023 3:38 PM

GBPUSD The economy is recovering! Long

British Pound / U.S. DollarFOREX.com

Description

On GBP/USD, we have a bearish setup with the price breaking through a swing low at 126.50 and 126.60, as well as forming a swing low around 1.2560. Therefore, we have all the conditions to look for a long position on Monday at the opening of the London session. A bullish entry that could take the price towards the marked box, which initially serves as support and has now become a resistance zone that could temporarily halt the price before a continuation upwards. Let me know what you think. Happy trading to everyone.
Comments
Forex48_TradingAcademy
Hi Traders! What do you think about it?
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