BIG picture
GBP_USD IS APPROACHING HORIZONTAL LEVEL WITH MOMENTUM FOR POTENTIAL BREAKOUT|
(1) There is a good chance of pullback short, as the level is strong. Watch price action closely.
Remember, there is a diagonal support, where the pullback is likely to stop.
(2) If no short opportunity presents itself, watch the breakout.
(the breakout might happen without pullback downwards if the bullish momentum is strong enough.)
(3) IF a confirmed breakout happens>>> good long opportunity on retest of horizontal level.
(4) Ultimate upward movement target is the diagonal resistance. From there, a strong pullback is anticipated!
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Pullback trade worked out nicely!
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✅ FREE Telegram channel: t.me/prosignalsfxx
✅ My Website: prosignalsfx.eu/
✅ For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: prosignalsfx.eu/trustedbroker
✅ My Website: prosignalsfx.eu/
✅ For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: prosignalsfx.eu/trustedbroker
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.