5.9.2023 GBP/USD

9 thg 5, 2023

If you have been following along then we already know GBP/USD is currently trending bullish. Also very visible a new Higher High which leads us into a weekly Resistance area. I mentioned in my last post that price may either push past the resistance or fall from it. Here we see the resistance zone is holding strong, showing sellers in the area. Based on what's happening here, I'm pretty neutral in terms of placing entries, but these are some of the possibilities that I came up with based off of my system. Keeping in mind that GBP/USD is bullish, I would not be surprised by any bullish movement

This is what I see and how I see it. Trade what YOU see and not what you think. Feel free to comment or even ask questions