GBPUSD – Still ranging (trading plan)

The GBPUSD is ranging around a long term important level:

GBPUSDSince the range the GBPUSD is trading in is not well defined, I’m just going to wait for the pound to break the ST range:

If the GBPUSD breaks the upper green resistance level, it will trigger a bullish market condition and only long opportunities will be in play.

If the Pound-dollar breaks the lower support level, it will trigger a bearish market condition and only short opportunities will be in play.

Trade Safe!

Raul Lopez
Forex Training

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .