GBPUSD - Down We Go!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈GBPUSD has been overall bullish, trading within the rising channel marked in red.

However, it is currently retesting the upper bound of the channel which lines up perfectly with the resistance zone marked in blue.

📉As per my trading style, as long as the resistance zone holds, I will be looking for sell setups on lower timeframes.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

TheSignalyst

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TheSignalyst

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