TheTradersAvenue

GBPUSD > Strong Structure Support Trade!!

FX:GBPUSD   British Pound / U.S. Dollar
Friends I hope you are feeling kind and generous today to give the idea the likes and comments it deserves.

Analysis on #GBPUSD

the market has proven here it cares about the 1.3600 level, and as you can see today we have the market moving to the downside and the dollar showing some strength today and it is highly likely will see more downside for GBPUSD.

the market now is testing 1.3700, this level is not very strong for me to get involved in a buy, I prefer to wait and for a better level as I laid out on the chart.

if this week is indeed going to be dollar strong week, then I will wait for the pound to fall and test my structure support level and provide me a reason to get in buy trade if it meets my rules for entry


Thank you so much for your support.
Check today analysis below⠀

>>“ Success is where preparation and opportunity meet." TradingAxis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.