Trend: Ranging
Structure: Flag / Horizontal channel
Plan: For the last month GBP USD appears to have been trading within a tight horizontal channel.
We can expect price to respect lower boundary and move towards the upside with TP at previous high (or 0.5 Fib Level).
Structure: Flag / Horizontal channel
Plan: For the last month GBP USD appears to have been trading within a tight horizontal channel.
We can expect price to respect lower boundary and move towards the upside with TP at previous high (or 0.5 Fib Level).
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.
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.