GBPUSD TRADE STRATEGY Please Do Like & Comment if you like the idea and must follow for further updates
At the moment GBPUSD is trading at 1.3735 level after testing high of 1.3758, before going long in this area we have to remember that FEB MAR APR 2018 support was at 1.3753 level so break and positive closure above that level is important for further upward move if we get H4 closure expect limited move till 1.3780-1.3850 level and if we get Daily closure above that than likely the pair will advance to 1.3950 level. Demand zone is below 1.3650 level and if GBPUSD hold that level than expect upward move and if market failed to hold that demand zone than downward we have have support at 1.3606-1.3580-60 level so at the moment i am neutral on market unless get clear break above 1.3753 for further buying on pullback. i will be looking for short opportunities with 35-40 pips TP, unless gets clear break & Closure above 1.3753 level. I have marked the past pattern of candles after breakout of resistance and rejection from resistance.
Disclaimer: Its not financial advice only for educational purpose.
