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
Tags: forex, GBPUSD Analysis
Raul Lopez
I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching
program, I can help you develop a system that helps you trade consistently.