GBPUSD 1.28504 + 0.86% * STRUCTURE & CONTINUATION PTTNS

HEY EVERYONE

Here's an idea on the POUND/DOLLAR with a bit of fundamental perspective

- The pair is currently trading in a descending channel which just saw a rejection at the roof of this structure the pound has been loosing momentum due to some fundamental factors like;

* The dominating fears of the rising virus cases.
* BREXIT
- BREXIT deal remains more likely than in the coming week, but they have warned of the risk of no-deal has increased.
- BREXIT is slowly re-emerging as a key driver for THE POUND.

POUND/DOLLAR has a good support between 1.2691 - 1.2726 at fib level 0.618 which is FEB low 100 MA & 200 MA supports we may find some resistance at 1.2993 & 1.3200.

lets see how it goes

HAPPY TRADING EVERYONE

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ENTRY & SL - FOLLOW YOUR RULES

TP1 - 1.27385
TP2 - 1.26206

SL* 1.29542

RISK-MANAGEMENT
PERIOD - SWING TRADE

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If this idea helps with your trading plan kindly leave a like definitely appreciate it.

Trade closed: stop reached:

🔴