GBP/USD: short position from the broken trend line
On H1 GBP/USD chart we have a strong support area between 1.36100 and 1.35650. Also we can see the up going trend and the broken trend line.
I mean that the situation in local looks like the price are going to support area. Also we can see that support is nearby to 50% Fibo level.
You should also see the up going flag on the down going impulse.
It is a good chance for a short trade but only for a short distance.
Don’t try to keep this position for too long. There is no necessity.
I mean that the situation in local looks like the price are going to support area. Also we can see that support is nearby to 50% Fibo level.
You should also see the up going flag on the down going impulse.
It is a good chance for a short trade but only for a short distance.
Don’t try to keep this position for too long. There is no necessity.
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