Hi there,
I think I spotted a reversal for GBPUSD as you can see it is within the BIGGER TIME FRAME 1D DOWN TREND. It has reached the TOP SIDE OF the Channel Line and got rejected. There MIGHT be a FALSE BREAKOUT above the UPPER LIMIT LINE OF THE CHANNEL before continuing to DROP.
The RECTANGLES are SUPPORT LEVEL which will be OUR PROFIT TARGET. We SHALL wait for a FALSE BREAKOUT or a BREAK OUT towards to start our SHORTs.
kind regards
I think I spotted a reversal for GBPUSD as you can see it is within the BIGGER TIME FRAME 1D DOWN TREND. It has reached the TOP SIDE OF the Channel Line and got rejected. There MIGHT be a FALSE BREAKOUT above the UPPER LIMIT LINE OF THE CHANNEL before continuing to DROP.
The RECTANGLES are SUPPORT LEVEL which will be OUR PROFIT TARGET. We SHALL wait for a FALSE BREAKOUT or a BREAK OUT towards to start our SHORTs.
kind regards
Trade closed: target reached:
As you can see, it smashed through out PT. Trade = Won