GBPUSD on the 1H time-frame
GBPUSD on the 1H time-frame.
Steps:
1. The price is moving in the parallel channel of downtrend.
2. Will place SELL order position at the upper channel and TP at the lower channel.
3. Will place BUY order position at the lower channel and TP at the upper channel.
4.Stop loss when breakout the channel.
Steps:
1. The price is moving in the parallel channel of downtrend.
2. Will place SELL order position at the upper channel and TP at the lower channel.
3. Will place BUY order position at the lower channel and TP at the upper channel.
4.Stop loss when breakout the channel.
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.