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gibbsys

GBP USD Long Setup

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
gibbsys  
FX:GBPUSD   British Pound / U.S. Dollar
Supply and Demand Support and Resistance Flag popular horizontalsupoort
2
0
supplyanddemand supportandresistance flagpattern popular horizontalsupoort
Trend: Ranging
Structure: Flag / Horizontal channel

Plan: For the last month GBP USD appears to have been trading within a tight horizontal channel.

We can expect price to respect lower boundary and move towards the upside with TP at previous high (or 0.5 Fib Level).

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