Are you trading the Pound (GBPUSD)?

Written by Raul Lopez on November 1, 2011. Posted in Trades & Analysis

I don’t, it is currently trading near an important long term level (1.6000). And as always, when it trades around an important level we need to determine the “zone” clearly seen on the short term charts:

So my plan is this:

Once it breaks the top of the range (1.6136), I’ll start looking for long opportunities
Once it breaks the bottom of the range (1.5901) I’ll start looking for short opportunities.

Trade Safe!

Raul Lopez
Forex Course

Tags: forex, GBPUSD Analysis

Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.

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I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Training. Read more about me.

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