GBPUSD sell
GBPUSD has reached upper band of range 1.3030 - 1.3330. At this zone we can see increased activity of supply. We have opened our sell order at 1.3305 with target at 1.3114 and stop near 1.3400 what gives us risk reward ratio 2:1.
On this blog we comments current situations on forex market. We analyze different forex currency pairs, indices and commoditioes. We are using for trading only price action: supply & demand, support & resistance trend lines and chart patterns.