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.
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