Identifying support and resistance levels is crucial for effective technical analysis when trading GBP/USD or any other financial instrument. Here's how traders can identify support and resistance levels on GBP/USD charts:
**1. Historical Price Levels:**
- Look for historical price levels where the GBP/USD exchange rate has previously reversed direction or...
Here i give you some tips regarding on trading GBPUSD and is quite well for you to understand how it work. GBPUSD is a volatile market so you can make money fast and also loose fast. So is very important you know this. In this video i show you double bottom and double top also show you phycological levels .You also learn trendline. Resistance and Support for applying.
Here show you how you can be able to trade gbpusd. i show you some tips like double bottom and double top.You also learn how market make trendlines . I also mark some psychological levels so you can able to identify it.