GBP/USD: long position from the trend line(h4)
The 2 black lines you see on the chart are 2 trend lines from one top.
They played key roles in history, often stopping and unfolding the price.
I think this situation will not be an exception.
After the price reaches a strong support level, which crosses one of the trend lines, it rushes to the 50% Fibo level, which miraculously coincides with the resistance level of the trend line and local resistance.
Thanx and good luck!
They played key roles in history, often stopping and unfolding the price.
I think this situation will not be an exception.
After the price reaches a strong support level, which crosses one of the trend lines, it rushes to the 50% Fibo level, which miraculously coincides with the resistance level of the trend line and local resistance.
Thanx and good luck!
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