GBPUSD is trading in a bearish channel heading towards the important support zone of 1.340. This is the bottom support zone of last month so there is a lot of buying pressure in this zone. Any recovery of GBPUSD is considered a good opportunity to enter a SELL signal to the target. When the price breaks 1.361, the downtrend will really break.- Support: 1.340
- Resistance: 1.355-1.361
- SELL Trigger: rejection 1.355 with bearish confirmation
- SELL zone 1.361 (Strong Resistance zone)
- Target: 1.340
Leave your comments on the idea. I am happy to read your views.
Trade active
The price is reaching target at 1.340, Ready set up BUY signals at support zoneTrade closed: target reached
Price is approaching our TargetNote
Hit TP for this Strategy
☘️My Telegram Channel: t.me/VHTraderFX
Join me to get Trading signals, Trading knowledge for investors
Join me to get Trading signals, Trading knowledge for investors
Related publications
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.
☘️My Telegram Channel: t.me/VHTraderFX
Join me to get Trading signals, Trading knowledge for investors
Join me to get Trading signals, Trading knowledge for investors
Related publications
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.