riffster21

GBPUSD - Fun with Channel Trading

FX:GBPUSD   British Pound / U.S. Dollar
Hi guys, the GBPUSD is decidedly bearish right now. We have a nice clean bearish channel to trade from. My plan is to sell a bounce off of the top of the channel and then ride it down to the bottom. If we get a trade, I'll update this post.

Plan B (and not my favorite) - If price break above resistance I'll probably leave it alone unless I get a very clear sign that prices are moving higher.
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