GBPUSD Buy Update

26 Eki 2022

Good morning all, today is a little update on the GBPUSD buy trade taken a couple of weeks back. If you follow my YT channel you will be aware of most updates. But with DXY dropping back recently we have seen some movement on our positions. As we can see we have broken out of the downtrend, BUT, the next few days will be vital to the further success of the trade. As we can see above we got a fake breakout and continued down on the bearish trend. So keeping watch over the next few days should tell us more. Ideally we would like to break above the resistance zone and create a new high, thus creating a short/medium term bullish trend. Currently 675 pips in profit, keep holding and secure some profits to be safe. Will update again with more movement GLIYF