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YourLazyTrader
6 אוג׳ 2020 02:35

GBPUSD pulls back from the previous high, correction likely. 

British Pound/U.S. DollarFXCM

תיאור

In my previous #GBPUSD idea, I told you to buy at the 1.3030 level and target the 1.3150 level( idea link attached below). As you can see, price reached the 1.3150 level yesterday.

However, GBPUSD pulled back from that level possibly creating a Double top formation.


If #GBP/USD stays under the resistance level that I have marked in my chart, it is possible to see a deeper correction. So, watch out for bearish price action around the resistance level and you can probably sell GBPUSD for 100+ pips.

עסקה פעילה

Sold at 1.3175
תגובות
Forex-Edge
Top notch!!! 👆👆👆 Great analysis as always
YourLazyTrader
@JuanCruzMontes, Thank you so much. :)
herkiertb
Great Analysis. Thanks a lot. Where do you see your TP for this trade?
How will todays NFP news affect this pair in your view?
עוד