GBP/USD - Bulls with troubles soon
Cable is in really good condition from 3 months, but last days are not clear. On this week, maybe next one there should be breakout.
As You can see on chart there is small up-trend line and very stron resistance area.
Breaking trend line should cause testing support near 1,2680 (and it will be very good opportunity to go long) or we will see breaking resistance area and fast move to 1,340. This can be traded very easy way - just open longs when price is near trend line and put Stop Loss below local minimum (from H1 for example). Trading this way can give very good Risk:Reward Ratio even 1:10+
As You can see on chart there is small up-trend line and very stron resistance area.
Breaking trend line should cause testing support near 1,2680 (and it will be very good opportunity to go long) or we will see breaking resistance area and fast move to 1,340. This can be traded very easy way - just open longs when price is near trend line and put Stop Loss below local minimum (from H1 for example). Trading this way can give very good Risk:Reward Ratio even 1:10+
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