Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
GBPUSD has reached an important level in the four hour chart, you can see it here:
Green trendline now acts as a support line and I expect a bounce here before falling more.
So you can take profit some of your shorts here. I will look carefully at the current hourly candle, if it closed below 1.5929 then I won’t go long but if it bounced off that trendline I will go long with a tight stop.
Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.
Latest posts by admin (see all)
- How To Plan a Trade From Start to Finish - May 3, 2016
- How To Trade The Eur/Usd Right Now - April 29, 2016
- Eur/Usd Could Move Higher Based off of Support Pin Bar - February 19, 2016
Winner’s Edge Trading, as seen on: