Pattern: Channel Down on 1M. Signal: Bearish as 1D made a Death Cross and started a new bearish leg. Target: 15.700 (just above the 1W Support).
As we can see guys..Price is moving on a Strong DownChannel ...we created a Uptrend then we broke it and we tested it ... we draw the Volume profile and as u can see price has fall bellow a HVN of Volume profile (bearish signes) ....as a trader my trade will be shorting this pair after a breakout ...Good Luck!!
GBPUSD RETURNS TO COURSE FOR A POSSIBLE OUTBREAK/BREAKOUT; RESISTANCE REMAINS. BREXIT PROCESSING ON THE BRINKS.
Since mid-October the GBPound has been gaining momentum against the JapenseYuan. Reaching a recent high of 147.900, the price point immediately reverted to retest the previous channel's top trend line near 141.500 (shown in orange). After a showing of strong support, the price point returned to its longstanding uptrend which started August 11th 2019 (shown in...
Pattern: 1D Channel Up. Signal: Bullish if the Higher Low sequence on 4H holds. Target: 14.2500 (4H Resistance).