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gibbsys

GBPUSD Short Setup

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
gibbsys  
FX:GBPUSD   British Pound / U.S. Dollar
Supply and Demand Fibonacci Trend Lines popular
2
1
supplyanddemand fibonacci trendline popular
Trend: Ranging
Structure: Descending parallel channel

Plan: We have identified a descending channel in GBPUSD. It has also started to form a resistance level. We look for price to bounce off either upper resistance or upper trend line and move down to 0.6 Fib level
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