Hi Traders. GBPUSD has been in a very healthy sort of long-term downtrend, price has been in a plummet since 2021 May, and yet its still ongoing till date.
I've been personally trying to catch some short-term bounce previously, and frankly I got hurt trying to bet on some short-term bounce trade.
In this case, I believe following the sells could be more of a rational decision, but let's just pay attention to 1.1960 minor support area.
If price continues to break below 1.1960, then probably it's heading for a new low again.
Let's observe more rather than taking action.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
I've been personally trying to catch some short-term bounce previously, and frankly I got hurt trying to bet on some short-term bounce trade.
In this case, I believe following the sells could be more of a rational decision, but let's just pay attention to 1.1960 minor support area.
If price continues to break below 1.1960, then probably it's heading for a new low again.
Let's observe more rather than taking action.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
