Long GBPUSD : Waiting for Channel Breakout
Updated
Hi Guys,
As you can see from the GBPUSD, it formed perfect channeling on the current down move, so I expect market to bounce back , so planning to enter only after the upper trendline break of channel. The channel drawn exactly ends in the strong support zone of GBPUSD where price has bounced back 3 times after touching the zone, now its testing same zone for 4th time.
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!
As you can see from the GBPUSD, it formed perfect channeling on the current down move, so I expect market to bounce back , so planning to enter only after the upper trendline break of channel. The channel drawn exactly ends in the strong support zone of GBPUSD where price has bounced back 3 times after touching the zone, now its testing same zone for 4th time.
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!
Note
Get ready to book profits around 1.3230's..Enjoy profits..Happy Friday !
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