GBPUSD On Long term trend line resistance.

The GBPUSD pair has been soaring on the last couple of days. But it has come to a key trend line resistance on the weekly chart. A close below the trend line would indicate to me the bulls are out of steam. Go to down to a lower time frame for an entry, and watch for the overbought signal on the RSI.

Kommentera:

Hope this trade made everyone some profit. Made almost 250 pips so far, I have covered 2/3 of my position and moved stop to break even.