GBPUSD - Waiting for Breakthrough for a Short Position
If the price breaks through the trend line and resistance area, it is highly probable that the bearish movement would make a continuation. Wait for for the breakthrough and retest first. If it does not, then it may be best to go for a long position.
Note
The price seemed to have rejected the retest
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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.