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Forex Trading Ideas: GBP/USD Rallies Up Then Back Down! Then Back Up – Then Back Down with No Gain This Week!

Jason Sweezey

August 21, 2020

1742

The GBP/USD had a bullish ‘Double Bottom Divergence Trade Setup’ this week in the Forex Market. Giving Forex traders between one hundred and two hundred pips. Depending what your entry price was.

However, using the ‘Fibonacci Measuring Tool.’ We saw price break through the 50.0% and the 61.8% Fibonacci level. We have strong major support at 1.3000. And resistance at 1.3265.

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Forex Trading Ideas: GBP/USD Rallies Up Then Back Down! Then Back Up – Then Back Down with No Gain This Week!

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