GBPUSD is moving down from the recent double top at the Supply ZOne.
Looking to see if GBPUSD can break 1.20.
If so then a retest and hold of resistance at this price could favour a short trade.
This is on chart.
The RR however is only in the scalp range.
Looking to see if GBPUSD can break 1.20.
If so then a retest and hold of resistance at this price could favour a short trade.
This is on chart.
The RR however is only in the scalp range.
Note
So the Breakout has taken place, next step is to see if a retest around 1.20 takes place for a good entry with acceptable RR.
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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.