Forexlive
What you see is how you should trade. The GBPUSD is using levels that traders can see.
Often, the price action on a chart tells a story that is far more important to traders than the latest fundamental headline. That story is centered on one thing: risk management. Successful traders are constantly looking for levels they can lean against—areas where they can define their risk tightly while maintaining the potential for a much larger reward.Looking at the GBPUSD hourly chart, the low price today reached 1.3306, coming within just 1.5 pips of the key swing low established in May.
USD
GBP
Source: Finnhub