Sell more than BUY
GBPUSD 1H Technical.
Currently i would wait for new entries.
It is tricky.
Above there are strong resistance area which should reject price and push it down. But below there are clear trend line which shows that price will go up.
So here are two things.
1. If price goes below trend line, it should be broken and retested, then price could move down till around 1.2500 area.
2. But if this resistance area will be broken, then price should move more up.
Currently i would wait for new entries.
It is tricky.
Above there are strong resistance area which should reject price and push it down. But below there are clear trend line which shows that price will go up.
So here are two things.
1. If price goes below trend line, it should be broken and retested, then price could move down till around 1.2500 area.
2. But if this resistance area will be broken, then price should move more up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.