False bullish breakout | GBP/USD analysis by Keon Consultancy, a Forex Fund Management company
- KeonConsultancy.com
- Aug 20, 2020
- 1 min read
This video explains how I determine a false bullish breakout on D1/daily time-frame of GBP/USD. It further illustrates how I am trading it to the short/sell side, and what are my exit & entry price levels.
The sell limit has been activated as the price reached there.
We moved our sell limit to around 38.2% area as the price moved up and went beyond the minor swings after making a slightly lower/new low today.