We expect further downside on this pair, signalled by the ascending channel pattern breakout. We can also see the breakout of a key level which further supports our directional basis.
According to my analysis,
Buy zone opportunity on H2.
Observe the money management and the stop loss.
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Gbpusd - Daily - Don't get confused by last weeks downside on FX majors and upside on dollar index. Dollar has no reasons to go up just yet neither technically or fundamentally.. Still a lot of upside to come for fx majors so hold tight
In this update we review the recent price action in GBPUSD and identify the next high probability trading opportunity and price objective to take advantage of.
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
