I was bullish GBPUSD yesterday and the path I gave played out almost exactly (tradingview.com/chart/GBPUSD/GSLnpCHp-05102023-GBPUSD/) as market pulled back before hitting the 1st resistance and held there. But IMO what is weird is how GBPUSD ranged the whole day, only to move in US session, at the time where it is usually slow.
Anyway so price is now at the key resistance level. Price action is bullish and price are above the zones; thus looking for a pullback within the double PZ DBZ zone, find support and rally higher to 1.2254/80. NFP today though, so market might be muted till NFP. Trade safe.
Anyway so price is now at the key resistance level. Price action is bullish and price are above the zones; thus looking for a pullback within the double PZ DBZ zone, find support and rally higher to 1.2254/80. NFP today though, so market might be muted till NFP. Trade safe.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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.