AhmadrezA |GBPUSD
The price is in a descending channel. Considering that the orange trend line has been broken and a pullback has also been done, if the blue trend line is also broken, I will enter in the direction of selling.
* My entry price is 1.2686, which is a little lower than the last floor pivot, the first price target is 1.2650 and the last target is the bottom of the descending channel (1.2611),and Stop Loss is 1.27109
*The green range is the support area, change the time frame to see it better
* My entry price is 1.2686, which is a little lower than the last floor pivot, the first price target is 1.2650 and the last target is the bottom of the descending channel (1.2611),and Stop Loss is 1.27109
*The green range is the support area, change the time frame to see it better
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.