georgeaddomahoney

georgeaddomahoney

Looking at the analysis, wait for a breakout just beneath the rectangle box for an entry. You could possible wait for a successful re-test and enter. Thanks

georgeaddomahoney

On this chart FX:GBPUSD , i am waiting for re-test on the support zone/demand zone before i enter on a long. After taking your profit at the resistance level. You can then enter short. Examining further on the lower time could also help you enter the trade. I prefer the daily time frame. If it doesn't re-test there might a false breakout. OBSERVE AND TAKE ACTION.