FX:GBPUSD   British Pound / U.S. Dollar
The market will first retrace towards the trendline and then it will rise up afterwards.

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Are you currently in this trade or looking to enter if it hits trendline?
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TakueMudaya deeprelaxationuk3
@deeprelaxationuk3 Right now I’m waiting for a Short term Sell towards the trend line or Daily support signified by the blue rectangle.
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@TakueMudaya, By the blue rectangle you mean the resistance zone?
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TakueMudaya deeprelaxationuk3
@deeprelaxationuk3 No, the one I am speaking about is at 1.38150 that’s the daily supportif you look closely on the first direction of the path I have just drawn. But beware of staying in such a trade for long because on the weekly we have a big bullish candlestick.
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@TakueMudaya, Ah cool, thanks.
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TakueMudaya deeprelaxationuk3
@deeprelaxationuk3, you're welcome
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That’s a good idea but we should know that The Market has many variables that may cause it to move as such that the key levels we place on our Charts may not be respected at times. All have to do is to react to what the market is showing us at the time.
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@TakueMudaya that’s very true.
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If you go to the 4H timeframe, you’ll see that there’s no real support made from the bullish run. So I would be careful on how strong the trend line is.
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