British Pound / U.S. DollarUpdated $$GBP.USD (UPDATE)
Currently No Bias (Waiting For Price Action To Show Me Where The $$ At.
More Info In Charts.
After Re-Constructing My GBP.USD Charts I Have Acknowledge A Few Interesting Area's
Concerning That Long Positions I Previously Posted.
After Being Around Roughly
80pips in profit I Started to identify price dropping back to my buying price.
-- I've Acknowledge Price May Have Failed
To Break Out Of Resistance Area Around The Price Level 1.23295.
--However Being A Structural Trader I've acknowledge Price Still Bouncing off support structure
Anyways Right Now I've have no bias towards the direction of this pair, it can break support trend-line
and contiune to rally down in a downward trend or breakout of minor resistance trend-line and possibly
re-test major resistance trend-line which has been holding down price since mid august.
More Info In Charts.
After Re-Constructing My GBP.USD Charts I Have Acknowledge A Few Interesting Area's
Concerning That Long Positions I Previously Posted.
After Being Around Roughly
80pips in profit I Started to identify price dropping back to my buying price.
-- I've Acknowledge Price May Have Failed
To Break Out Of Resistance Area Around The Price Level 1.23295.
--However Being A Structural Trader I've acknowledge Price Still Bouncing off support structure
Anyways Right Now I've have no bias towards the direction of this pair, it can break support trend-line
and contiune to rally down in a downward trend or breakout of minor resistance trend-line and possibly
re-test major resistance trend-line which has been holding down price since mid august.
Order cancelled
Price Failed To Break out RE zone, nowhere near entry. set up invalid for now
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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.
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.