GBPUSD – Purple War Zone!As per my last analysis, GBPUSD rejected our upper brown trendline and traded lower

GBPUSD – Purple War Zone!As per my last analysis, GBPUSD rejected our upper brown trendline and traded lower

Now GBPUSD is approaching a strong support zone .


The lower highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support (1.29-1.3) and brown trendline. (acting as non-horizontal support)


As per my trading style:

As GBPUSD approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)


Always follow your trading plan regarding entry, risk management, and trade management.


Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

Richard Nasr

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
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