GBPUSD: huge double bottom on daily chart
The blue rectangle represents a long-term resistance zone around 1.4810-20, which was set from March to July 2013. This is the price zone for the double bottom formation which push GBPUSD higher from 1.4800 to 1.7200.
Look to short GBPUSD if it rallies towards the blue area.
Short GBPUSD 1.4810-20
SL above 1.4850
TP 1.4500
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ForexPositive.com
Twitter ForexPositive
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Look to short GBPUSD if it rallies towards the blue area.
Short GBPUSD 1.4810-20
SL above 1.4850
TP 1.4500
=====
ForexPositive.com
Twitter ForexPositive
=====
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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.
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.