DeGRAM | GBPUSD downturn in the channel
GBPUSD is in a descending channel below the trend lines.
The price is moving from the upper boundary of the channel and has already consolidated under the resistance level.
The chart maintains a descending structure on the small timeframes, while on the big timeframes an ascending structure is maintained and the indicators are forming a bullish convergence.
We expect a decline in the channel with the price holding under the 38.2% retracement level.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
The price is moving from the upper boundary of the channel and has already consolidated under the resistance level.
The chart maintains a descending structure on the small timeframes, while on the big timeframes an ascending structure is maintained and the indicators are forming a bullish convergence.
We expect a decline in the channel with the price holding under the 38.2% retracement level.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Trade closed: target reached
Closed +176 PIPS
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bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
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.
🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
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.