GBPUSD : Broken Support , shorting chance
Hey Guys,
GBPUSD has broken the support zone marked around 1.3120's to 1.3150's. As the support is broken we can look out for bearish opportunities to short. If we get pullback to retest the above support turned resistance zone, after confirmation we can initiate short positions.
As the support is broken in GBPUSD we are in clear bearish trend.
Sometimes market may give false breakouts to takeout stops lying below the support of 1.3120's, so be planned when you enter the trade.
Hit Likes to show your support... Thank you..
Happy Trading !
GBPUSD has broken the support zone marked around 1.3120's to 1.3150's. As the support is broken we can look out for bearish opportunities to short. If we get pullback to retest the above support turned resistance zone, after confirmation we can initiate short positions.
As the support is broken in GBPUSD we are in clear bearish trend.
Sometimes market may give false breakouts to takeout stops lying below the support of 1.3120's, so be planned when you enter the trade.
Hit Likes to show your support... Thank you..
Happy Trading !
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