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.
GBPUSD respecting trendline
In 06 november price went upper to 1.3175 where supply took control and pushed price down. Bulls has try to go upper but when price was back near 1.3175 bears again pushed price down. Double top was drawn on chart and we can draw local resistance line at 1.3175. Price is still over upward trend line so we still keep our buy tade with stop at break even.
Comments
Post a Comment