Direct from the desk of Dane Williams,
This is not your average forex broker email.
Afternoon team,
With higher time frame GBP/USD resistance being retested as support, Cable has presented us with a textbook buying opportunity.
Take a look at the intraday chart below.
GBP/USD Hourly:
As I spoke about in todayās daily analysis blog that Iāve linked to at the top of this email, we have price above higher time frame support.
We then have price pulling back to retest the last short term area of resistance as support (marked with the box here).
The short term zone can be used to manage your risk around if youāre aggressive but as always, the trade isnāt invalidated until price moves below the higher time frame zone.
If you have any questions about this setup or the simple support/resistance trading strategy that I use, then simply hit reply to this email.
I read and reply to everyone inside my Inner Circle who takes the time to email.
Best of probabilities to you,
Dane.