TRIFRACT

GBPUSD Trade Setup (Potential) + Co-ordinates for Channels

Long
FX_IDC:GBPUSD   British Pound / U.S. Dollar

CO-ORDINATES FOR INFO LINE TO GET THE CHANNEL ON YOUR OWN CHART:

1H
Price 1.2973 Bar# 206
Price 1.3060 Bar# 374

D Chart:
Price 1.2766 Bar 263
Price2 1.3467 Bar 360

Pretty much self-explenatory: IF GBPUSD reaches the support on the 1H, it won't be a bad Long trade attempting to catch the 1H & D support confluence.


Quick instructions: Once you have the channel setup, you need to ZOOM IN from 1H to 5min to see reaction on the line , on the Daily you need to zoom in to the 1H to look for reaction and entry !

The risk is a move to the final support on the D chart - the thick blue line. Around 1.2930 or so. IF this support fails , one can try to catch the D support after the previous low is taken out.

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