GBPUSD Channel breakout and retest
Confluences
1. Break of descending trendline and retest of key area.
2. wait for rejection of 61.8 fib level on lower timeframes before entering
COVID 19 causing choppy movements so be careful with this one. Great risk reward.
Confluences
1. Break of descending trendline and retest of key area.
2. wait for rejection of 61.8 fib level on lower timeframes before entering
COVID 19 causing choppy movements so be careful with this one. Great risk reward.
Note
stops were moved to lower blue line below horizontal support region
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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.