Gbp/usd chart Updated.

First Of all I would like to remind everybody about my last month Chart Gbp/usd and take a look at the Chart Price has rallied to from that support which is mentioned in the above chart and Now I am still look for much stronger rallies towards 1.5800 levels where recent high is posted But that is not enough as I always look for strong levels and I would surely post the chart here again Once I saw any Institutional selling and Look to close all or part of my current positions.

How I trade Pinpoint levels in Gbp/usd

As You have seen in the Above chart, How I market levels in the chart and those are not just levels those are demand levels and Look How market approach to those levels.
It is Crucial from a trader's point of view that Market maintain Imbalance when It approached to those crucial levels and that is the fact which remains a secret to trading supply and demand and watch the last candle so strongly coming out of that lows tells us that you can't trust what you see as it take the stops of longs and Now people have to cover quickly out of shorts and looking to buy when breakouts occurs on shorter time frames.

Gbp/usd chart that I posted Earlier

Long Term View of the Gbp/usd

My long term view of Sterling or Gbp against dollar is still bullish because As you have seen I try to trade imbalance and Price has manage few swings in the past to fake the breakouts and that swing also is coming of lows of long term support and I am still looking for a move towards 1.6150 levels and there on I would like to see How price behave at those levels.

I am long from 1.5200 levels and still locked the trade at Breakeven and at no risk but still I would looking to trail my entry and start locking my profits as this counter-trend swing could be the strong off from the lows and one that rejects of from high posted a sell-off.

Eur/Usd Long term view