The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
The GBP/USD pair is located at 1.2716 at the time of writing. As you can see on the H1 chart, the price is moving sideways between 1.2792 (upside obstacle) and 1.2625 (downside obstacle). You knew from my previous analysis that dropping below the uptrend line announced a potential downside reversal.
The downtrend line represents an upside obstacle. As long as it stays below it, the rate could drop again at least until the 1.2625 former low. Jumping above the downtrend line and above 1.2792 former high invalidates a larger drop and indicates further growth.
Staying below the downtrend line and dropping below 1.2625 activates a larger drop and is seen as a selling opportunity.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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