Trade of the Day GBPUSD

GBPUSD is bouncing off the support

 

GBPUSD is trying to bounce off the 1.3600. The bounce could lead to a revisit of a 1.3860 resistance of the long-term rectangle. In any way, this can be seen as the consolidation pattern. A break below the 1.3600 will lead to a consolidation pattern break to the downside and reversal lower. For medium-term price action, this is the key consolidation for the pair.

Note: you can take the long trade entries with the stop loss below 1.3600

 

 

 

 

 

 

If you want to learn trading analysis and how to get to key trading levels like in this article register for Private Live mentoring with your trading evaluation.

COPY TRADING MADE EASY

Take a break from your trading routine and let some funds be run by us! Copy our trades!

 

Scroll to Top
×