rodrigosmarts
Long

Beautiful Channel for GBPUSD

FX:GBPUSD   British Pound/U.S. Dollar
424 0 0
Before reading the this description, please, click on the MAKE IT MINE on the up-right top of the chart and scroll back to check the beauty of this channel. It's one of those perfect price highways that pleases the eyes.

The pound is driving this highway for very long time, so there are some trading Ideas we can take from it:
1- (Scalp) Buy Fib 38.2% if it encounters the channel parallel border, aiming for the FIb 23.6% as a target.
Stop if it breaks under the supportive parallel border.

2- (Scalp) Buy Fib 50.0% if it encounters the channel parallel border, aiming for the next parallel border.
Stop if it breaks under the supportive parallel border.

3- (Swing) Buy Fibs 61.8% and 76.4% as they match the parallel borders, aiming for 23,6% fib as a target.
Stop if it breaks under the lowest supportive parallel border. of the channel
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