Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
GBP/USDAPPROACHING A MASSIVE AREA.
As we clearly see price is trading inside this falling channel
Price broke previously below our previous major lows, and traded lower to confirm our bearish movement
So, for now what!
For now as the price will be approaching the lower bound of the channel acting as an over-sold area lining up with our support zone
We will be looking for new longs as a correction movement.
Unless price managed to trade higher, as the price will be approaching the falling trendline we will be looking for new sell setups as a trend following setups.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
GBP/USDAPPROACHING A MASSIVE AREA.
As we clearly see price is trading inside this falling channel
Price broke previously below our previous major lows, and traded lower to confirm our bearish movement
So, for now what!
For now as the price will be approaching the lower bound of the channel acting as an over-sold area lining up with our support zone
We will be looking for new longs as a correction movement.
Unless price managed to trade higher, as the price will be approaching the falling trendline we will be looking for new sell setups as a trend following setups.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!