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Hello fellow community members
Today we have GBPUSD on the table. As clear from the chart attached the pair is finding difficult to cross the support turned resistance near 1.2325 levels. Even if the pair is able to cross 1.2325 then it will meet the falling trendline near 1.2500 that constitute a good level to short the pair as it is a confluence of the major psychological level and the falling trendline.Any comments about the setup are welcome.
Happy trading to all.
Today we have GBPUSD on the table. As clear from the chart attached the pair is finding difficult to cross the support turned resistance near 1.2325 levels. Even if the pair is able to cross 1.2325 then it will meet the falling trendline near 1.2500 that constitute a good level to short the pair as it is a confluence of the major psychological level and the falling trendline.Any comments about the setup are welcome.
Happy trading to all.