I have entered a BUY trade on the GBPUSD after it hits a major support level. In fact, the price has tested that level for several times making it a very strong support.
Below is the live trade video
However there are still chances for the price to break below the support as the market always like to test a major support or resistance again and again. One of the common habit of the market is to break through a major support or resistance to trigger the stop loss of traders before it moves back into the support or resistance and continue its movement.
At the time of posting this post, the price has broke below the support and has hit another layer of support.
I will update you guys the outcome of this trade once it is over
If you are interested in joining my forex trade copier, you can take a look at the link below
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