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EA trader. Please follow my strategy pro-rata.

Hi guys, Happy Monday! This is my GBP/USD Trade Analysis. Current trend of this pair is uptrend. support Levels: 1.3000. Resistance Levels: 1.3173. Whilst this level was previously holding repeatedly as a resistance level, price has now strongly broken above it. This level is now looking to act as a role reversal and new support level for a new push higher. If this level can hold as a new support in the coming sessions we can look for long trades and for a new leg higher. The next resistance comes in around 1.3173 which is a key level for this market as it has held as a major resistance on the daily chart many times this year.

PhoenixMan

NFP incoming!😂

PhoenixMan

Are you ready for the U.S. election? Good luck on your trading guys, anything is possible to happen. 😉

PhoenixMan

You can see that the EUR/USD has reached the resistance line and started to fall. I expect the price to return to the support line around 1.17 level and it is possible to go down to a strong resistance line.

PhoenixMan

Hello everyone! For the EUR/USD pair I'm saying that the price will fall to the nearest support line. Now the price is at the intersection of these two channels. And I expect it to come out of one and start moving in the other. The target is the nearest support line at 1.174. Good luck on trading!

PhoenixMan