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FUNTRADER-Vera
Jan 12, 2021 1:56 AM

1201 GBPUSD update after NFP 

British Pound/U.S. DollarFXCM

Description

Hello traders,

I am so sorry that we got last idea on GU hit SL.
tradingview.com/u/FUNTRADER-Vera/
It just drop down to break the support on last idea.

Now we have a new channel with 3 waves already to follow on this idea.
We are waiting for signal by the middle band. Hopefully middle band of channel and BB can reject price rising up.Price will speed up dropping on that condition.130 pips down to fibo 618 position.
Otherwise we would need to wait for a reflection point on the channel to sell later.
But things could change to buy also if price just break the channel and standing above middle band again.
Just keep eyes on its price action to decide.

Good luck!!!
LESS IS MORE!

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Comment

Price might test reflection point on the channel later.

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