GBPUSD Channel breakout and retest 300 pip move Long

GBP/USDOANDA

Description

⋅ Mar 22, 2020 11:46 PM

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

⋅ Mar 26, 2020 11:33 AM

stops were moved to lower blue line below horizontal support region

Comments

UnknownUnicorn3360638

⋅ Apr 28, 2020 2:01 PM

t.me/joinchat/AAAAAFgIY_l4MGuAorHOsg

AdeOluseun

⋅ Mar 23, 2020 7:47 PM

next stop is 1.20-1.22

UnknownUnicorn3360638

⋅ Mar 24, 2020 11:42 AM

@AdeOluseun, yes i believe so

Zakiya1

⋅ Mar 23, 2020 11:43 AM

Hi

I went long to quick, should I stay and or wait

UnknownUnicorn3360638

⋅ Mar 23, 2020 12:03 PM

@Zakiyyah1, Hi there it seems price might be re testing its previous support area. I have just been stopped out but i am currently sitting on my hands waiting for a re entry.

UnknownUnicorn3360638

⋅ Mar 23, 2020 12:22 PM

@rydee99, t.me/joinchat/AAAAAFEkWVgWBNDgFJsIAA