cashmachine01
Long

GBPUSD Looking Both Ways before crossing the street

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
25 0 3
On the GBPUSD             I am looking for a bounce on the bottom of the channel or a breakout.

Looking at the bull wave there is a wave 1, 2, extended 3. This pullback could be a wave 4 and the bounce a 5.

Longer time frame shows a likely bullish continued move back to the trend line resistance area .

Either way I am looking to add to my buy position at the channel support or close the long position and move to a short position if a breakout occurs of the channel.

This is for my trade journal only. Use your own system and good money management.

*Ignore the sell the breakout to the left that was related to the previous move.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out