GBPUSD long term uptrend resuming
Updated
Hello guys,
we are facing some resistance now but the long term uptrend seems resuming and the breakout of the counter trend line suggests this.
The 0.618 fib retracement is a strong support for the pair but I suggest a stop loss just below the breakout candle for a better risk to reward ratio.
Happy trading!
we are facing some resistance now but the long term uptrend seems resuming and the breakout of the counter trend line suggests this.
The 0.618 fib retracement is a strong support for the pair but I suggest a stop loss just below the breakout candle for a better risk to reward ratio.
Happy trading!
Trade closed: target reached
I closed the position a few pips below the target. Happy trading
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