GBPUSD
The price is fluctuating in a support and resistance area, the major trend is in the an uptrend channel.
Technical view , we are faced with two general analysis (A & B ) and then two related analysis (A" & B" )
Plan A: If the price will not break the blue resistance area, we can enter the SELL position in the bull back and keep our position until the bottom support, (the bottom of the channel ).
Plan B: If the price break the blue resistance, we can enter the buy position in the bull back and hold the position until the high resistance, the 1.39750.
Also, the other two related analysis are shown according to the picture. (A" & B" )
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NOTE: PLEASE ENSURE YOU DO YOUR OWN ANALYSIS BEFORE TAKE ANY ACTION
——
OPEN BUY OR SELL , AFTER CONFIRMATION OF THE RETURN MOVE
The price is fluctuating in a support and resistance area, the major trend is in the an uptrend channel.
Technical view , we are faced with two general analysis (A & B ) and then two related analysis (A" & B" )
Plan A: If the price will not break the blue resistance area, we can enter the SELL position in the bull back and keep our position until the bottom support, (the bottom of the channel ).
Plan B: If the price break the blue resistance, we can enter the buy position in the bull back and hold the position until the high resistance, the 1.39750.
Also, the other two related analysis are shown according to the picture. (A" & B" )
---
NOTE: PLEASE ENSURE YOU DO YOUR OWN ANALYSIS BEFORE TAKE ANY ACTION
——
OPEN BUY OR SELL , AFTER CONFIRMATION OF THE RETURN MOVE