GBPUSD Quick review

Hello everybody.

I'm sorry, I wasn't able to post here for the last 2 days. I had some problems, and I had no time to watch the price movement.

I hope that there will be no situations like that.

Anyway, If I won't be able to share with you my trading plan, then you can count on Tacomy, the 2nd author.

Anyway, here is a quick review.
I will post my trading plan for the next session later.

Take a look at the picture







I didn't edit any of my support/resistance levels, so you can see how good were they.

The lowest bold red line was the main support level: if this one would be broken, then we could think about further bearish trend. Well, it remained untouched.

The next level - 781 - it was a good support. As you can see on the picture, price have bounced from it, it didn't manage to break this level.

After that the price was moving by the further levels:

- a little correction at the 797

- good support for the next correction at the 850

- main resistance 894. After the breakout of this level, GBP have started its bullish trend

- good resistance ant then support level 990. It was 300% of the D1 fibo grid as well. Price have managed to FIX under this level, it was a good support for the correction. GBP have bounced from this level, and right now it is still going upwards. Now this level became a good support for the whole movement: when it will be broken, I will search for the point to open my trade (sell).

If it won't be broken tomorrow, then the bullish trend will be going on and we will have another support level.

And the fact is, that I defined ALL these levels 2 days ago, and they are still working.

I will analyze GBP the next morning, and I will share with you all corrections in my trading plan for tomorrow. Right now it is useless to open a trade: the main sessions for today are over. Usually I don't trade at this time, and I suggest you to do the same, if you are making your first steps on the Forex market. Forex won't run away from you: tomorrow there will be new sessions and new trends.

Best regards and good luck to all of you!
Anthony Schneider.