DeGRAM | GBPUSD rebound in the channel
GBPUSD is moving in a descending channel between the trend lines.
Price is moving from the lower boundary of the channel and dynamic support, and is now above the 50% retracement level of the rebound correction.
The chart is maintaining a downward structure.
At the current moment, the pair's chart looks bearish, but is clearly preparing for a reversal, for which a rising bottom is yet to be formed.
We expect the rebound to continue if GBPUSD forms a rising bottom and consolidates above the 50% retracement level.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
Price is moving from the lower boundary of the channel and dynamic support, and is now above the 50% retracement level of the rebound correction.
The chart is maintaining a downward structure.
At the current moment, the pair's chart looks bearish, but is clearly preparing for a reversal, for which a rising bottom is yet to be formed.
We expect the rebound to continue if GBPUSD forms a rising bottom and consolidates above the 50% retracement level.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
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bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.