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joaofermail1
8 févr. 2020 17:22

possible long position on GBP/USD Long

British Pound/U.S. DollarFXCM

Description

GBP/USD for me is developping a good setup for a buy, as shown in my analysis, GBPUSD is currently in a zone with has been previously tested as both support and resistance, and is approaching the uptrend trendline as shown. So i will be looking for the price action on gbpusd in the next few days for further confirmation to possibly getting into this trade and if price brokes trough my trendline then my analysis is invalidated. This is an analysis coming from a person that is recent to trading so feel free to share your opinion thank you!
Commentaires
Yannick1961
Hello, I rather have a bearish bias on this pair, the price broke an oblique support which should accelerate the fall a little more (in my opinion)
Vincergr
@Yannick1961, I agree
joaofermail1
@Yannick1961, thank you for your comemnt, as i said i will be waiting for more confirmations too, as there's also a head and shoulders pattern forming, so my analysis could be invalidated, anyways thank you so very much!
Yannick1961
@joaofermail1, You're welcome
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