GBPUSD broke Horizontal channel and getting bearish ?
Updated
As we can see here is an important zone for GBPUSD
GU start week with gap to downside and now full that gap too and this gap actully was breakout but for sure due to low volume these happenings are not valid yet maybe we have fake breakout like last time or price broke green line support and fall to our bearish scenario targets .
Green path :
if price get back to the channel and want some more range then our target would be
Target :
A. 1.3945
Red path: if price broke green line (strong support ) and successfully completed retest of breakout to the we would have bearish scenario as we talked about it on previous analysis that linked below and targets would be
Targets :
A. 1.3737
B. 1.3646
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
GU start week with gap to downside and now full that gap too and this gap actully was breakout but for sure due to low volume these happenings are not valid yet maybe we have fake breakout like last time or price broke green line support and fall to our bearish scenario targets .
Green path :
if price get back to the channel and want some more range then our target would be
Target :
A. 1.3945
Red path: if price broke green line (strong support ) and successfully completed retest of breakout to the we would have bearish scenario as we talked about it on previous analysis that linked below and targets would be
Targets :
A. 1.3737
B. 1.3646
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
Trade closed: target reached
🤑💥🧨👍😎+180 pips
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t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
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