GBP/USD: Simple Trading Tips for Beginner Traders – July 10th (U.S. Session)
GBP/USD: Simple Trading Tips for Beginner Traders – July 10th (U.S. Session)
Trade Review and Advice on Trading
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Trade Review and Advice on Trading the British PoundThe test of the 1.3612 level occurred when the MACD indicator had already moved significantly above the zero line, which limited the pair's upward potential. A short time later, the price tested this level again, but by then the MACD was in overbought territory and starting to move back toward the zero line, enabling Sell Scenario #2. However, as you can see on the chart, no strong downward movement followed.The absence of
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