Fxprotrader
Long

GBPUSD: Long Term Median Line Analysis

FX:GBPUSD   British Pound/U.S. Dollar
361 2 12
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.
hi there...how did you know that price will reach the green line? the price pulled back once... why did you say that price will pullback again? thanks in advance.
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Nice view !
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