GBPUSD chance of breakong trendline and pump or falling ?

29 Mar 2021

We were looking for falling scenarios but there was two important factor that should take look at

1.GU had 600 pips dump and its huge amount and we can expect range zone or even some bull candles soon
2.1.3650 is daily strong support that price got support near that and maybe is able to break purple trendline now

so on this analysis we consider both possible scenarios that shown with green and red path on chart

Red path targets :if price fall from this strong resistance here and no breakout
A. 1.3740
B. 1.3650

Green path targets :if we have breakout and retest then bullish market and
A. 1.3860
B. 1.3900
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>