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GBP/USD retracement D1 before bullish continuation
British Pound / U.S. Dollar
Short
GBP/USD retracement D1 before bullish continuation
By Vale_Quantum_FX
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Updated
Oct 15, 2021
5
Oct 15, 2021
The Loonie whilst currently within an ascending channel reached temporary exhaustion on the D1 Chart yesterday (Stochastics)
I hope to see the pair retrace to around 1.36432 - 1.36288 before continuing on its bullish ascent.
My experience with the GBPUSD has been a volatile one, and so I would exercise caution particularly with this pair with deposit load / lot size.
best of luck.
Oct 15, 2021
Note
I have adjusted my SL to 1.37167 as I do believe it has the potential to test the lower channel
Fundamental Analysis
GBPUSD
Technical Indicators
mikeforshawforex
scalping
Trend Analysis
valequantum
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