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

forex, GBPUSD Analysis


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 .