Analysis of #GBPUSD
Hi traders, today we will have a look at #GBPUSD
as you can see here we have a clearly defined uptrend in the GBPUSD and right now the market has broken its structure resistance level near 1.22800-1.2300
currently, the best place to look for a buying opportunity is when the market actually makes a retest to its previous resistance zone, which now becomes a support zone, near 1.2300 also a trend line support and if the market comes and retests the boys on I will actually drop on a one time frame to look for a reason to get a buy entry, like double bottom reversal bearish candle formation or maybe a harmonic pattern
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #GBPUSD
as you can see here we have a clearly defined uptrend in the GBPUSD and right now the market has broken its structure resistance level near 1.22800-1.2300
currently, the best place to look for a buying opportunity is when the market actually makes a retest to its previous resistance zone, which now becomes a support zone, near 1.2300 also a trend line support and if the market comes and retests the boys on I will actually drop on a one time frame to look for a reason to get a buy entry, like double bottom reversal bearish candle formation or maybe a harmonic pattern
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
