GBPUSD broke the short term range

Yesterday I wrote about the GBPUSD, it was trading in a clear short term range. What I thought was interesting about the range is that it was formed near an important LT level. This means that once the market breaks the range, I’ll trigger a clear market condition, and this is what happened:

Yep, it broke the upper extreme of the range. This puts the GBPUSD in a VERY clear bullish market condition.

On easier words: I’ll be looking for long opportunities.

What do you think about the GBPUSD? Let me know.

Good trading!

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.