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British Pound / U.S. Dollar
Updated

GBPUSD SHORT EXAMPLE

75
Price bounced off resistance line, yielding 20 pips
Note
Price continues down, bounces off channel support and makes its move back toward the resistance
Note
Price nearly reaches resistance, and shoots downward. Price is still maintaining the channel zone
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Trend Analysis

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Trend Analysis
trentusfabius
Also on:

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.