What a week! Continual weakening on the TVC:DXY which caused my gold trade to fly through the roof at 320 Pips profit! Ive been thinking a massive economic reversal will be approaching since the lows in March due to the start of the UK's lockdown. My GBPUSD long positions have been consistently benefitting of this as I've been picking up long positions in the dips and buying up. Let's see if the next resistance level is hit after a break in the repeated consolditaion zone.
Retest 1.3500 before going down to 1.2600? What do you think. I'm a beginner.
Premier_FX
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Nice setup, i have the same outcome if you take a look at my chart :)
rcjugg
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strong
danielbtrading
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I personally think a retest support or 1.3 being the lowest and then it’s going to break previous high highs. I’m expecting, with the U.K. governments plans and the USA’s election still drawing attention, an overall bullish movement on GBPUSD.