GBPUSD hit resistance around 1.2780 but there is no sell signal yet. If so, everyone can consider trading. The upward momentum weakens when approaching this resistance area, so you can sell it.
But if in case the price increases strongly and breaks the resistance, it is possible that the peak area will also be broken, then the trend will return to an uptrend, our trading strategy at that time will also switch to buying up.
But if in case the price increases strongly and breaks the resistance, it is possible that the peak area will also be broken, then the trend will return to an uptrend, our trading strategy at that time will also switch to buying up.
Note
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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.
Related publications
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.