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MMBTtrader
Oct 5, 2021 7:06 AM

GBPUSD Daily channel and Best possible entry zonesย Short

British Pound/U.S. DollarFXCM

Description

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As we can see this daily channel is still valid and the price shows some strength near the channel lower side(channel support) and also formed new support at a price of 1.3400.

Now we have a red trendline on the chart that price may see some correction and fall to channel support or at least we may have 50-100 pips fall here.

Notice: price can also break this resistance here and more pump to channel resistance.

DISCLAIMER: ((trade based on your own decision ))
<<press like๐Ÿ‘ if you enjoy๐Ÿ’š>>
Comments
InkyGrip
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Great idea! +++๐Ÿ”ฅ๐Ÿฆ
ForexTrendline
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good setup, thanks for sharing and good luck!
zrrsys
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IF the resistance is not broken
ShawnMCR
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Great job
KlejdiCuni
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Great analysis again. Thanks for sharing!
FieryTrading
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Great analysis, awesome! ๐Ÿ”ฅ
VasilyTrader
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Thank you for posting this idea!
Mihai_Iacob
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Is in strong resistance
van_der_Bop
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Like it. GL bro!
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