GBPUSD LONG: UPTREND TO TEST OLD 2018 RESISTANCE ?
Updated
GBPUSD hit channel trend swing lows region and has been bullish, price is close to the channel's uptrend line after testing resistance at .38658. i think price will go bearish until .38128 region and regained momentum to go bullish until the top trend channel @ .40450. .38658 was a previous strong resistance region but the bigger picture here is the long lasting resistance since 2018, is it possible that a breakout from this current resistance at .38658 will indicate a possible bullish momentum until the 2018 resistance region? eager to see how this plays out, thoughts welcomed.
Trade active
.38658 resistance region broken, price nears middle zone's top trend resistance, maybe a retracement to prev res will trigger a long momentum towards yearly res. [NB:i think i set my entry position too far away from market open date lol, a few bars were missed]Trade active
Good call?
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