GBPUSD: Trade Opportunities at 1.30000 Support

The price is not far from a solid support zone formed by SMA50, 1.30000 support level, and the local uptrend line. If the price bounces from this zone, it will give us a new buying opportunity. The same goes for a false breakout. The price will be able to continue the uptrend in the borders of the ascending price channel.

If the price breaks the support zone and the trend line of the price channel, it will be possible to wait for a retest and open short trades.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.