British Pound / U.S. Dollar
Long
Updated

GBPUSD Possible Retrace Level (10/10/2016)

254
Period : Short to Midterm Trade .

Haven't use this type of analysis for awhile , but the result has been positive.

Buy when price break the red line and watch how the price react on each level .
Note
As the chart said, price failed to break the downtrend line and continue its bearish move.

But let's see if the price can hold the 3rd level 1.22459
Note
Will buy when price breaks this area
snapshot
Trade closed manually

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.