GBPUSD Long (Not a trade idea)

FX:GBPUSD   British Pound / U.S. Dollar
251 3 4
Saw quite a few calls for a H4 Head&Shoulders trade. But channels have taken a different turn. Even I had to get out of my short positions quickly after the new channel emerged. Targeting 1.70850 from a retest of 1.70271.

Risk to the idea is the 170505 level which must be cleared and successfully retested.
Yes, it's bullish and a very nice study.
channeltrader ForceFollower
Yea but this is not what I expected... trying to build rationality into an irrational market!!!
ForceFollower channeltrader
Nothing wrong with what happened. There's probably a new channel going to develop to the upside.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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