GBPUSD TRADINGPLAN, MULTIFRAME ANALYSIS.
Take a look at daily chart, after fail break out the resistance 1.23 GU has downed but still slow, in the last my GU post, we have a short deal in 1.225 and still hold with the target 1.20.
H4 timeframe, i'm expecting it will retest H4's resistance at 1.22 and going down but that's not good idea, maybe it will be retest again resistance 1.23. If it breaks out the resistance 1.23 we will have another analysis but instead short buy long with target 1.248 and 1.264.
Sell limit: 1.23
Stoploss: 1.236
Takeprofit: 1.20
If we have my last deal just hold it.
Price action and trendline .
Thanks for watching and dont forget to give me some comment and your opinion.
H4 timeframe, i'm expecting it will retest H4's resistance at 1.22 and going down but that's not good idea, maybe it will be retest again resistance 1.23. If it breaks out the resistance 1.23 we will have another analysis but instead short buy long with target 1.248 and 1.264.
Sell limit: 1.23
Stoploss: 1.236
Takeprofit: 1.20
If we have my last deal just hold it.
Price action and trendline .
Thanks for watching and dont forget to give me some comment and your opinion.
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