Hi Traders!
The bear channel on GBPUSD continues. We have a very simple regression channel here on 1H chart to show this. The market has been hitting the support of the channel and coming off the resistance of the channel almost perfectly.
A set up like this gives numerous opportunities for entries and exits and also very good risk-reward opportunities by trading within the range of the channel.
Please do not forget to like, comment and follow, we would love to hear your thoughts!
Thank you for your support.
BluetonaFX
The bear channel on GBPUSD continues. We have a very simple regression channel here on 1H chart to show this. The market has been hitting the support of the channel and coming off the resistance of the channel almost perfectly.
A set up like this gives numerous opportunities for entries and exits and also very good risk-reward opportunities by trading within the range of the channel.
Please do not forget to like, comment and follow, we would love to hear your thoughts!
Thank you for your support.
BluetonaFX