GBPUSD forming an upwards channel but watch for a breakout.
Expecting price to head back up to channel but waiting for retrace to the south still.
Buyers: Buy at bottom channel or retrace on short time frame.
TP @ top of channel with SL at 1.3000 area.
Sellers: Wait for a close under 1.3000 before you start selling. (I won't sell until this occurs) Once we have a break below 1.3000 we will head south towards 1.2800 area.
Good luck trading!
Let me know how I can help or if you have any questions. Please like these free analysis so others may benefit from seeing them
Charles V
cvfxmanagement.com
cvfxwealth
Trading made Simple
Expecting price to head back up to channel but waiting for retrace to the south still.
Buyers: Buy at bottom channel or retrace on short time frame.
TP @ top of channel with SL at 1.3000 area.
Sellers: Wait for a close under 1.3000 before you start selling. (I won't sell until this occurs) Once we have a break below 1.3000 we will head south towards 1.2800 area.
Good luck trading!
Let me know how I can help or if you have any questions. Please like these free analysis so others may benefit from seeing them
Charles V
cvfxmanagement.com
cvfxwealth
Trading made Simple
Note
Trade currently up 70 pips from bottom channel entry. I'd recommend locking in profits then reentering on short time frame retrace targeting the top.Good luck!
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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.