GBPUSD AROUND A STRONG SUPPORT ZONE

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Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

If you like the idea, do not forget to support with a like and follow.

GBP/USD IS AROUND A MASSIVE SUPPORT ZONE

As we clearly see price is trading inside this falling channel

So, from a short-term perspective price is still bearish .

However, price is around a strong support zone where we are speculating a bullish reversal.

For the bulls to kick in from a short-term perspective we need a break above the marked last swing standing
Then a movement higher would be expected

1-2 Risk to reward ratio from a risk management perspective.

Until that happens, we are still bearish .

If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!
Nota
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Chart PatternsSupport and ResistanceTrend Analysis

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