GBPUSD: Where will the price go from the range?
As we can see, the pound dollar collects energy in the range.
We approached a strong upward support, tried to make a counter-trend breakout, it turned out to be false, in fact, liquidity was seized, that is, energy was gained for an upward movement, which I hope will be, since I expect the instrument to break through 1.416, gain a foothold and continue to move towards the key point, where at the moment the maximum accumulation of shortists is the red liquidity zone - 1.425
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
We approached a strong upward support, tried to make a counter-trend breakout, it turned out to be false, in fact, liquidity was seized, that is, energy was gained for an upward movement, which I hope will be, since I expect the instrument to break through 1.416, gain a foothold and continue to move towards the key point, where at the moment the maximum accumulation of shortists is the red liquidity zone - 1.425
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments