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UnknownUnicorn3360638

GBPUSD Channel breakout and retest 300 pip move

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
UnknownUnicorn3360638 Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns GBPUSD cable channelbreak LONG pound Coronavirus (COVID-19)
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trendanalysis chartpattern gbpusd cable channelbreak long pound coronavirus
GBPUSD Channel breakout and retest

Confluences

1. Break of descending trendline and retest of key area.
2. wait for rejection of 61.8 fib level on lower timeframes before entering

COVID 19 causing choppy movements so be careful with this one. Great risk reward.
Comment:
stops were moved to lower blue line below horizontal support region
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