Great Britain Pound/U.S. Dollar look an interesting trade that we can to take it. But, we can't to take decision fast as before, we need to take cautious to analyze the chart and how the movement will develop it.
So, in this timeframe I'm watching 2 important levels: $1.2058 USD and $1.2080 USD to take a possible smart zone to sell Pound/Dollar.
So, in case that GBP/USD overpass the level $1.2058 USD, we can to see a liquidation and market trap until the next level $1.2080 USD, what this mean that amateur trader may to take long position believing that this par will take long toward $1.2150 USD. But that will not the case, as this could be manipulation, liquidation and market trap created by institutional like big banks investing in Forex.
Pound still bearish in the bearish channel formation what may to drop significantly.
Good luck1!!
So, in this timeframe I'm watching 2 important levels: $1.2058 USD and $1.2080 USD to take a possible smart zone to sell Pound/Dollar.
So, in case that GBP/USD overpass the level $1.2058 USD, we can to see a liquidation and market trap until the next level $1.2080 USD, what this mean that amateur trader may to take long position believing that this par will take long toward $1.2150 USD. But that will not the case, as this could be manipulation, liquidation and market trap created by institutional like big banks investing in Forex.
Pound still bearish in the bearish channel formation what may to drop significantly.
Good luck1!!
