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Feb 27, 2021 9:57 AM

GBP-USD Correction! Where To Buy?  Long

British Pound/U.S. DollarFXCM

Description


Hello, Traders!
GBP-USD
fell sharply recently in a correction move
And we can see that the pair broke a minor support line
Which means that the pair will most likely fall further down
However, GBP pairs are very bullish overall due to the brexit deal
And the weekly resistance hasn't been reached yet.
Therefore, I am looking at a swing buying opportunity
And the level that I identified on the chart is a good area to buy GBP
For some mid-term holding, so If the price gets there
We Buy!
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Comments
Mahtab_Tradia
Awesome work! Thanks for sharing
TopTradingSignals
@Mahtab_Tradia, thank you!
KlejdiCuni
Amazing work here! Thanks
Saif_R
Very nice, this is what i am looking now
shahkhalid
nice yes it broke the trend support line . and retested support it might make harmonic pattern then touch down side .
nice setup
TK_71
I have my T/P @1.386 I need to get that number to be out of the red. Crossing finger
Market_Analize
Nice work! Keep it up 🔥
BigLava
Good over view
MirandaSimandl
Very good analysis.. Carry on..
Joy_25
nice Ananlysis
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