GBPUSD | Descending Channel Reformed
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Price produced a leg down and we got the new low for Descending Channel. So currently price is sitting on the lower boundary of the Descending Channel, in case we have a confirmed breakout of the lower boundary we can initiate a short position.
If there is a retracement to upward we can initiate a short position in case we have a confirmed rejection of either the Mid line of the Descending Channel or of the higher boundary of the one
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price produced a leg down and we got the new low for Descending Channel. So currently price is sitting on the lower boundary of the Descending Channel, in case we have a confirmed breakout of the lower boundary we can initiate a short position.
If there is a retracement to upward we can initiate a short position in case we have a confirmed rejection of either the Mid line of the Descending Channel or of the higher boundary of the one
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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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.
Join this telegram channel to see more ideas:
t.me/anputeam
Twitter account:
twitter.com/anputeam
t.me/anputeam
Twitter account:
twitter.com/anputeam
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.