GBPUSD Faces Vote Soon (Educational & Execution Plan)
The vote for UK to leave/stay in EU is approaching soon on 6/23. We can expect a fierce reaction on the GBPUSD pair. In case the price moves too fast to catch any chance to get profit, we need to make a detailed plan for it. We need to keep calm anytime.
The black and red line are the support/resistance level, same for the yellow zone. The arrows already tell you what you can potentially do when the price comes to these levels, of course, you need to have basic analysis skills to understand the price action at that moment.
The most interesting level is the yellow zone. That should be a perfect short area.
If I find new pattern comes up in next few weeks, I will update also.
The black and red line are the support/resistance level, same for the yellow zone. The arrows already tell you what you can potentially do when the price comes to these levels, of course, you need to have basic analysis skills to understand the price action at that moment.
The most interesting level is the yellow zone. That should be a perfect short area.
If I find new pattern comes up in next few weeks, I will update also.
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Check my the other GBPUSD idea, We longed from 1.438, today highest is 1.465, around 270 pips earned.
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See if it will pull back to 1.4535 to get good support. Those missed my previous long, can long from there if has good support.
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GBPUSD still within 1.44 and 1.453 which are the two black lines. U can consider to move SL to entry. Take or not take partial profit depends on you.
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come to retest 1.44
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rest of positions were hit SL on entry level. trade close. i will come up with a new idea
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no pullback ,just crazily drop around 300 pips.
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The yellow zone really works guys.
Wait for today's candle to close then decide to long or short.