Consolidation Range (Sideways) and Break Level for GBPUSD

Consolidation Range (Sideways) and Break Level for GBPUSD

29 June 2017, 18:43
Yohana Parmi
0
53

Hello traders,

Currently GBPUSD is in momentum ahead of the 2nd stage breakout, and vice versa will enter a period of consolidation.

This image has thousands of words better than my explanation, and people who understand to work with :

  • Support,
  • Resistance and
  • Market Sentiment

can take the positives out of this picture as a trading plan.


References, as continuation of these steps :

-----

Note. This is not a trade recommendation, I just share it for fun :)

Have a good day!

Share it with friends: