GBPUSD AROUND A RESISTANCE ZONE !
Hello Traders and everyone, HADI IS HERE
If you like the idea, do not forget to support with a like and follow.
As we can see price is overall bearish from a long term perspective right !
from a short term perspective price is trading inside this channel making clean higher highs and higher lows
for the bears to reclaim the control we need what
we need a new swing low to form around the resistance then a break RISK TO REWARD 1-2 from a risk managment perspective
until that happens price can still dive more to break the resistance then it will become support and on the retest of it we will be searching for more longs
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
As we can see price is overall bearish from a long term perspective right !
from a short term perspective price is trading inside this channel making clean higher highs and higher lows
for the bears to reclaim the control we need what
we need a new swing low to form around the resistance then a break RISK TO REWARD 1-2 from a risk managment perspective
until that happens price can still dive more to break the resistance then it will become support and on the retest of it we will be searching for more longs
and as usual follow your trading plan and manage your risk.
Be patient and good luck!