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TheTradersAvenue
Jan 27, 2021 8:37 AM

GBPUSD > Best Place for A Buy!! Long

British Pound/U.S. DollarFXCM

Description

If you enjoy this free analysis please like and leave a comment below it will really support creating more free analysis and ideas for you.

Analysis of #GBPUSD

Hello friends,

The GBPUSD has been moving higher, but somewhat out of momentum, as you can see on the chart the market is trading near the trend line resistance and may soon move to near support zone 1.3680-1.3700.

What I will be doing is to wait for the price moves to the near support zone I will look for a rotation pattern to enter long targeting the resistance zone


let me know in the comment what pair you want to see the analysis for in my next free analysis

Safe trading everyone

Check today analysis below⠀

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-disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only⠀
-⚠ please note this is just a prediction and i have no reason to act on it and neither should you
Comments
InkyGrip
impeccable analysis! 🦐💎
TheTradersAvenue
@plancton0618, thank you my friend
Yuriy_Bishko
i think a bearish wedge
Zhen_Trading
i'm shorting, now it hit the temporary support. If seller is losing momentum , then the scenario might happen , price will move up.
the closing of this candle stick is crucial to exit , or to initiate a new buy
DACapitalTrading
all the best buddy
TheTradersAvenue
ProSignalsFx
Yeah, this is a very likely scenario!
UnknownUnicorn8230700
hahaha I'm in short
Tommimare
do you recommend it?
Sands45
Perfet idea right on point
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