GBP/EUR Channeling Trend! Sell!!

FX:GBPUSD   British Pound / U.S. Dollar
Firstly, I’m very new to trading so I’m not expecting anyone to place a trade based on this.

I’m posting this mainly to see if anyone who is more experienced agrees with my idea So it can verify if I have found a channel in a bearish trend .

Let me know what your thoughts are about this please! Have I spotted a good opportunity or have I completely misjudged this??


To be very honest. Anything is possible in the Market. What we aim at is to trade the highest probability trades.

That GBPUSD selling at that level is possible, but it's definitely high risk and low probability
+1 Reply
@PassieFx appreciate your response 👍 as mentioned, I’m still learning about what to look out for etc but any advise is welcome! Just thought I’d put this up and see what people think but I appreciate it
Have you thought about the bigger picture of what you’re aiming for? Checking out the daily/4hr looks like it may potentially be a pullback to a larger trend, limiting the targets you place. This may not be the case and you may see a different trend,pattern etc. But doing top down analysis from the higher time frame then lower is a good idea.
Hey, check out a few of my ideas today, closed ucad at 6% profit and gu still running at 3% profit. Happy to help if you DM me :)
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