Hey tradomaniacs,
looks like GBP/USD will at least retrace from here on after a re-test of a strong horizontal resistance aswell as the primary trendline-zone which offers possible bearish confluence.
Volume has been so far not following the recent momentum, which makes a pullback / turn around even more likely.
Good chance with a high risk-reward.
Let`s see! =)
looks like GBP/USD will at least retrace from here on after a re-test of a strong horizontal resistance aswell as the primary trendline-zone which offers possible bearish confluence.
Volume has been so far not following the recent momentum, which makes a pullback / turn around even more likely.
Good chance with a high risk-reward.
Let`s see! =)
Note
Price re-tested the trendline of the current secondary trend. Either time to take some profit and def. to move stop-loss to break-even in case we dont get a breakout.
If price moves back up we could consider to re-enter if confirmed!
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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.