The 5%ers' Blog

Day Trade Sell Position Opportunity GBPUSD 23/09/2018

September 23, 2018 | 8:24 am | The 5%ers' Blog
September 23, 2018 | 8:24 am
The 5%ers' Blog

Last Friday, the GBPUSD has a drop of almost 200 pips, that drop created 2 new fresh supply level in The middle of the way.

Both levels are great levels of sell position as a day trade position, I’ll sell at the supply above, and if the Price brake this one, I’ll sell again at the one at the top. Also, this recent drop has changed the long-term Momentum to bearish, and for the swingers or long-term traders, I believe the price tends to reach 1.2850 Zones.

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