Please say hello to my girlfriend when you arrive! Haha.
We could see a massive drop from our 1.36 level as shown on the chart it was used as very strong support twice not so long ago, then it finally broke this support and is now coming back up to test 1.36 as resistance before hopefully a big drop. You can also see we are clearly in a downtrend with the GBP forever weakening against the USD.
A good thing about a strong level like this is that you can keep a tight stop loss (30-50 pips) because if price does push back above this level then bulls could push price suddenly very high, but if price respects this level then bears could push price to hell.
I hope this helps, message me if you have any questions.
We could see a massive drop from our 1.36 level as shown on the chart it was used as very strong support twice not so long ago, then it finally broke this support and is now coming back up to test 1.36 as resistance before hopefully a big drop. You can also see we are clearly in a downtrend with the GBP forever weakening against the USD.
A good thing about a strong level like this is that you can keep a tight stop loss (30-50 pips) because if price does push back above this level then bulls could push price suddenly very high, but if price respects this level then bears could push price to hell.
I hope this helps, message me if you have any questions.