GBPUSD is a good example where key support and resistance levels usually give very good trade setup provided we are patient enough to let the market do their job. On 13 Dec '19 we had the Double Top formation with obvious reversal CS that should gave us one profitable trade in terms of risk:reward.
So from here, i'm bias to go long this pair at two key support...
We actually missed a short term selling setup today, sigh! Such a nice pinbar formation at key resistance level after yesterday's close.
Well never regret, watching closely now this pair for best chance to ride on the long position @ 1.11763 after we get confirmation. So now we wait.
Safe trade. Adios
Still waiting for price to show the way. Will take long position if only today's candle closed as reversal CS that rejects the nearest key support level @ 0.66876. Will update my trade plan once we have a 'GO'.