On this chart
GBPUSD
, i am waiting for re-test on the support zone/demand zone before i enter on a long. After taking your profit at the
resistance level. You can then enter short.
Examining further on the lower time could also help you enter the trade. I prefer the daily time frame. If it doesn't re-test there might a false breakout. OBSERVE AND TAKE ACTION.
GBPUSD
, i am waiting for re-test on the support zone/demand zone before i enter on a long. After taking your profit at the resistance level. You can then enter short.
Examining further on the lower time could also help you enter the trade. I prefer the daily time frame. If it doesn't re-test there might a false breakout. OBSERVE AND TAKE ACTION.