GBPUSD SHORT
- Previous HL has been broken to create a LL
- Break and retest entry
- Now acting as resistance
- Price tried multiple of times to break 1.37000 but could not
- 1.37000 fresh level as it was support back in 2018 now acting as resistance
- Looking for a few rejection candles from 1.36100 level then a big drop
- Main target will be 1.32000
- Break and retest entry
- Now acting as resistance
- Price tried multiple of times to break 1.37000 but could not
- 1.37000 fresh level as it was support back in 2018 now acting as resistance
- Looking for a few rejection candles from 1.36100 level then a big drop
- Main target will be 1.32000
Trade active
- 1.32000 looks a bit optimistic- New target of 1.33000
Note
- First target can be 1.35000Trade closed: stop reached
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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.