GBPUSD - Bears holding ground

Hi guys, my GBPUSD went in and out of profits all night, then got stopped out. After some sleep and fresh eyes, we can see a strong area of resistance forming around the 1.2530ish area. This is sort of a channel trade (with an ugly channel). We have strong support around 1.2480ish. I am short (prices marked on the chart), but the real trade to catch will be a break either above or below this price range. We should cycle down one more time. That's why I am short.

This is not investment advice, just my opinion(s). Please trade accordingly.

Trade safe and keep an eye on news.

Yorum:

Moving my stop to BE incase it gets bouncy like yesterday.

Yorum: