Hello traders and the entire Tradingview Community! I am presenting a
hourly chart analysis for GBP/USD.
As you can see from the chart, price is struggling to break the 1.2760 supply
level. So, if this continues, there might be a small pullback in GBP/USD.
The price may fall another 30-40 pips towards 1.2690. However, I have no
open sell positions in GBP/USD as my plan is to buy the dips. I will update
this idea when I have an entry.
hourly chart analysis for GBP/USD.
As you can see from the chart, price is struggling to break the 1.2760 supply
level. So, if this continues, there might be a small pullback in GBP/USD.
The price may fall another 30-40 pips towards 1.2690. However, I have no
open sell positions in GBP/USD as my plan is to buy the dips. I will update
this idea when I have an entry.
Note
30 Pips drop since I postedNote
Reached 1.2690 just like I had predicted, bought a small lotTrade active
Bought@1.2691Trade closed manually
Closed@1.2714Trade active
Bought again@1.2690 based on the 4H support
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.
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.