Are you trading the Pound (GBPUSD)?

I don’t, it is currently trading near an important long term level (1.6000). And as always, when it trades around an important level we need to determine the “zone” clearly seen on the short term charts:

So my plan is this:

  • Once it breaks the top of the range (1.6136), I’ll start looking for long opportunities
  • Once it breaks the bottom of the range (1.5901) I’ll start looking for short opportunities.

Trade Safe!

Raul Lopez
Forex Course


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Raul Lopez

I've been trading the markets for more than 12 years. All my trades are based on price action. Check out my Coaching program, I can help you develop a system that helps you trade with better results.