GBPUSD Updates and Follow Up
Our plan is still valid and correct.
The zone we were following 1.2850-1.28 got false broken and price is currently trading inside it.
Before looking for buys.There is a trend line and resistance.
Alternatively there is a breakout of the up trend line on the D1 chart and we may see a further move down. This is why we are waiting for the h4 chart breakout. This will also great a false break of this D1 trend line.
Bottom line is to be patient and wait for the perfect setup to appear. If you are going to trade more aggressively, make sure risk:reward is on your side.
The zone we were following 1.2850-1.28 got false broken and price is currently trading inside it.
Before looking for buys.There is a trend line and resistance.
Alternatively there is a breakout of the up trend line on the D1 chart and we may see a further move down. This is why we are waiting for the h4 chart breakout. This will also great a false break of this D1 trend line.
Bottom line is to be patient and wait for the perfect setup to appear. If you are going to trade more aggressively, make sure risk:reward is on your side.