GBP/USD forecast: If it breaks down from the current support level, look for long trades at the next historically tested support/resistance zone. If it breaks higher, look for shorting opportunities at the next counter-trend resistance level.
"if I'm wrong on this trade in the market reacts by pushing down what am I going to do I'm gonna prepare for that situation how am I gonna prepare I'm gonna look at the next level that has been support and resistance multiple times 1 2 3 4 tests of support and resistance in this area so this will be an area that if the pound dollar breaks down I'll be looking at four possible long trades now if we had higher on the pound dollar like I expect I want to be prepared for that too so how am I gonna prepare for that situation well by placing a horizontal line if we do get this break up in price actions right here if I look left the very next place I can look at for resistance is right here with that being the case I know that's going to be my next counter-trend level so in terms of short trading opportunities this is going to be the zone I look at for the pound dollar if we get there here towards the end of twenty nine tea"