Trade_Journal

GBPUSD - Intraday - At a very interesting area.

FX:GBPUSD   영국 파운드/미국 달러
It's a pair that some traders are finding difficult to trade but let me break it down for you:

Technical:

- Bull Flag - Resistance area: 1.31400 areas and that's where the target of the Bull flag would end. (Patterns don't always work out - that's another thing to keep in mind that's why looking at the levels will help).

If we were to decline the areas that seems interesting:

- Support area of 1.30650 if we were to decline further, between 1.30300-1.30080 areas.

Bearing in mind - the monthly conditions we are in august - for further analysis you could look at seasonality.

Remember: Just an idea, not a trade recommendation.





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