Hi Guys,
As you can see from the GBPUSD, it formed perfect channeling on the current down move, so I expect market to bounce back , so planning to enter only after the upper trendline break of channel. The channel drawn exactly ends in the strong support zone of GBPUSD where price has bounced back 3 times after touching the zone, now its testing same zone for 4th time.
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!
As you can see from the GBPUSD, it formed perfect channeling on the current down move, so I expect market to bounce back , so planning to enter only after the upper trendline break of channel. The channel drawn exactly ends in the strong support zone of GBPUSD where price has bounced back 3 times after touching the zone, now its testing same zone for 4th time.
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!
Note
Get ready to book profits around 1.3230's..Enjoy profits..Happy Friday !
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Related publications
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.