GBPUSD | Rise to towards the channel resistance +180 Pips Long

British Pound/U.S. DollarFXCM

Description

⋅ Dec 13, 2020 3:31 PM

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It is now at the support of the channel and it could not descend more than such, so it will rise according to the scenario that you set, touching the channel's resistance, then falling again.

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Comments

PessegoRatzinga

⋅ Dec 13, 2020 11:50 PM

We can wait a close of the gap then a strong move to the upside until it touch the resistance ! or maybe no gap close and a direct move to the upside

Saeed966

⋅ Dec 14, 2020 5:38 AM

@PessegoRatzinga Sometimes the gaps do not need to be closed

bizmatej

⋅ Dec 14, 2020 10:01 AM

what caused this large gap? i really haven't seen gap this large after weekend in forex

rmohamed

⋅ Dec 13, 2020 5:26 PM

It is already up to 1.332

Saeed966

⋅ Dec 13, 2020 5:35 PM

@rmohamed yes

rmohamed

⋅ Dec 13, 2020 5:37 PM

@Saeed966, Do you think close the trade at the open?

abel11

⋅ Dec 13, 2020 3:34 PM

Good analysis

Saeed966

⋅ Dec 13, 2020 3:34 PM

@abel11 thank you

Saeed966

⋅ Dec 13, 2020 3:34 PM

@abel11 all the best

alicanuz

⋅ Dec 13, 2020 5:52 PM

Hello,

Good analysis, I am also watching this down trend, although the bullish trend starting from 23 of September shouldn't be ignored as the mentioned support channel is also the support channel of the bullish trend. If the price exits the down trend I am positive it will test the 1.35 level again which is a major resistance level as well as the resistance line of the bullish trend channel from September.

Regards.