This week a trade corridor with clearly defined boundaries formed on the pair GBP/USD
, support - 1.54863 resistance - 1.55860, so we will look for signals to buy or sell directly at the approach to one of the boundaries of the corridor. Even narrower corridor with support level
at 1.55250 and resistance level
at 1.55848 formed in parallel with the defined boundaries, so the point to buy or sell can be found earlier, but I recommend to open position not after rebound from the boundaries of a small corridor, but after breakout.
I trade using GBPUSD
trade corridor approach. Ranges of trade corridor are determined by last extrema on the hourly chart.
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