Long GBPUSD : Waiting for Channel Breakout

FX:GBPUSD   British Pound / U.S. Dollar
Hi Guys,

As you can see from the GBPUSD             , it formed perfect channeling on the current down move, so I expect market to bounce back , so planning to enter only after the upper trendline break of channel. The channel drawn exactly ends in the strong support zone of GBPUSD             where price has bounced back 3 times after touching the zone, now its testing same zone for 4th time.

Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!
Comment: Get ready to book profits around 1.3230's..Enjoy profits..Happy Friday !
Nice analysis helps a lot! entered the trade yet?
+1 Reply
Glad you liked my analysis, Not yet,I'm waiting for trendline breakout & valid close
penci InsiderB
Keep up the good work, followed!
Also I'm trying to get some traders together to get into a Skype group chat if you would be interested? Sharing views, positions and Technical Analysis

+1 Reply
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