GBPUSD at Resistance zone
The trendline has been a significant price barrier, having been rejected multiple times before. It is probable that price will be rejected once again.
Search for a selling opportunity and aim to profit at the lower support level. Look for confirmation signals such as bearish candlestick patterns or a decrease in buying volume to strengthen the selling opportunity. Keep a close eye on the price action as it approaches the lower support level for potential exit points.
Remember to manage risk carefully and consider setting stop-loss orders to protect your capital in case the trade goes against you.
Search for a selling opportunity and aim to profit at the lower support level. Look for confirmation signals such as bearish candlestick patterns or a decrease in buying volume to strengthen the selling opportunity. Keep a close eye on the price action as it approaches the lower support level for potential exit points.
Remember to manage risk carefully and consider setting stop-loss orders to protect your capital in case the trade goes against you.
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