Fxprotrader
Long

GBPUSD: Long Term Median Line Analysis

FX:GBPUSD   British Pound/U.S. Dollar
346 1 11
Trying for identify a valid slope which price followed on it way to this massive drop of GBPUSD             i ended in the weekly chart. Picking the three swing required to have the median line set in place i came with a set where we see how many times price was rejected at the upper parallel trendline . In addition we see that price was rejected from the upper quartile of the set. I believe that in the upcoming weeks price has a good potential to rally and reach the slide parallel (green trendline ) which also worked great when price flipped and retested it before continue its way to the down. If any buy setup completed a current level i will go for it.
FREE Forex Live Trading Room: https://medianlinefx.com
Dguaman
4 months ago
Nice view !
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