Do you think it’s a good time to look for longs in the GBPUSD?

Written by Raul Lopez on . Posted in Trades & Analysis

Hope you all had a great weekend!

Are you currently monitoring the GBPUSD?

I am, I really think it’s good time to start looking for long opportunities, and this chart agrees with me:

It has been rejected from the bottom of the range, and looks like it will continue its way up until it reaches at least, its next LT resistance level.

Now, on the short term charts, as long as it trades above 1.5428 I’ll be looking for long opportunities.

Let me know what you think.

Cheers,
Raul Lopez

email

Tags: ,

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.
StraightForex
Raul Lopez Forex

Trading should be simple

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 Coaching. Read more about me.

If you have any question about anything, please feel free to contact me at: info@straightforex.com or call +1 518 300 3828

StraightForex on Facebook StraightForex on Twitter Call me on Skype Grab my RSS StraightForex on Google+ StraightForex on YouTube