Trend: Short term bearish trend
Structure: Horizontal support and upper trend line.
Plan:
We look for GBPUSD to make a move either to the upside and confirm a breakout before taking a long. Alternatively if GBPUSD respects upper trend we look for it to breakout of lower resistance and take a move to the downside.
Structure: Horizontal support and upper trend line.
Plan:
We look for GBPUSD to make a move either to the upside and confirm a breakout before taking a long. Alternatively if GBPUSD respects upper trend we look for it to breakout of lower resistance and take a move to the downside.
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