Forex Trade Signals and Setups Nov. 8th

GBPUSD – Approaching Critical Resistance
Up 15 of the last 24 days, the GBPUSD is approaching critical resistance at the 1.6150 level.  This resistance are was a key role-reversal level which was support back on Aug. 11th and resistance on Oct. 28th so obviously a key level for the market.  Bears can look at possible shorts here while bulls will want to see a breakout-retest of this level to activate new longs.  Another option for bulls is to wait for a gentle pullback to the evolving or dynamic support at the 20ema which has held price since the 12th of October.


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Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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