GBPUSD Trade Idea
As expected, due to the Brexit no deal, market had a selloff on Friday (11th Dec) from 1.3320 to 1.3135, followed by some strong gap up from 1.3220 - 1.3350 (130pips+) today according to the broadening top formation. 1.330 still serves as a key support on the higher timeframe. However, could we begin seeing a channel forming? If the bearish momentum continues be aware of previous low (1.3130), if buyers step in beware of the daily high (1.35). Avoid any directional bias or breakout setup as the market is simply not ready yet unless Brexit comes up with clear decision.
Trade safe.
Trade safe.
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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.