The sell off on the GBPUSD following the Closing Price Reversal Trade setup closed just at about Key Support. There already seem to be a bullish Price Action Setup on the 1hour Time frame, so all short trades should be closed. New Short entries could be considered on the break of this Key Support. In the mean time, price could be pushed higher into Resistance Zone for a possible price Action Setup for the continuation of the more dominant bearish trend.
My Recommendation: New/Intermediately experienced Forex Traders Should stick to trading with the major trend only.
Subscribe to the Trade Room or the Mentor Programme or the Price Action Course to experience the simplicity of trading Price Action with me.
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