British Pound / U.S. Dollar
Long
Updated

GBPUSD ( UNDER BULLISH PRESSURE ) ( 4H )

1 008
GBPUSD

HELLO TRADERS
  • Tendency under bullish pressure after the price breakout resistance trendline

  • TURNING LEVEL : a blue line between resistance and support level around 1.276 , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level

  • RESISTANCE LEVEL : there is a green line around 1.281 and 1.285 , indicates selling have already increase this level , so if the price stabilizing turning level reach this target

  • SUPPORT LEVEL : there is a red line below turning level around 1.268 and 1.264 , indicates buying have already increase this level , so if the price breaking turning level reach this targets

  • PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 1.276 , after rising to the resistance level around 1.281 , then stable above this level reach 1.285 ,
    if the price breaking turning level reach a support level at 1.268 , then stabilizing below this level reach a 1.264

TARGET LEVEL :
  • RESISTANCE LEVEL : 1.281 , 1.285
  • SUPPORT LEVEL : 1.268 , 1.264
Trade active
snapshot
continues a bullish , maybe corrective a turning level at 1.276 before long , to reach a 1.281
Note
as mentioned , the price is under bullish , reach first target , until the price trade below resistance level reach a turning level , stabilizing above reach a next resistance level at 1,285
Trade active
reach, first target , know it will attempt to reach a next target then create a new resistance level
Note
snapshot
Trade active
trying to rising a turning level at 1.281 ,if the price breaking this level easily to reach a resistance level at 1.285 , as long as the price trade below turning level active to reach a support level at 1.274

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