rodrigosmarts
Long

Beautiful Channel for GBPUSD

FX:GBPUSD   British Pound / U.S. Dollar
424 0 1
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
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out