{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gbpusd-retrace-and-trading-oppurtunity\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gbpusd-retrace-and-trading-oppurtunity\/","headline":"GBPUSD Retrace and Trading Oppurtunity","name":"GBPUSD Retrace and Trading Oppurtunity","description":"The GBPUSD has been in a heavy down-trend in recent times. This avalanche lower was kicked off by a large false break Pin Bar that stuck out up at the high and away from all other price. People that follow this blog would know that a common mistake traders make is by trying to trade […]","datePublished":"2013-03-12","dateModified":"2019-08-04","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/03\/gbpusd.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/03\/gbpusd.png","height":"379","width":"634"},"url":"https:\/\/forexschoolonline.com\/gbpusd-retrace-and-trading-oppurtunity\/","about":["Price Action Charts in Focus"],"wordCount":224,"articleBody":"The GBPUSD has been in a heavy down-trend in recent times. This avalanche lower was kicked off by a large false break Pin Bar that stuck out up at the high and away from all other price.People that follow this blog would know that a common mistake traders make is by trying to trade against to the obvious trend. Instead of fighting the clear trending bias, we look for obvious trends that are in place and then look for logical areas to enter within them.With this obvious trend lower in place, we are now looking for short trades from value areas. Instead of \u00a0just spotting the trend and then jumping aboard a trade, it is important we locate logical areas of support or resistance for our\u00a0entries.On the daily chart of the GBPUSD we can see there was an previous support area that price stalled at before\u00a0continuing\u00a0lower. If price rotates\u00a0back\u00a0higher into this level price action traders could look for price to give off bearish signals for a possible trend resumption. Looking for bearish traders at this area would mean trading with the trend rather than against it and also entering from the correct swing high. You will also notice this resistance area is also a Very Big Round Number of 1.5000. GBPUSD DAILY CHART | 12 mAR 2013  "}