gmmbalane

Update-Double Bottom

Long
FX:GBPUSD   British Pound / U.S. Dollar
Scenario 1.Gbpusd broke below the build up and channel up, and formed a double bottom. The immediate support at 1.20205 (bottom 2)which could result in a price stalling or even heading for the target level. Entry would be confirmed at the neckline.
Scenario 2 The price can finish retesting the broken trendline and continue to the support level in 1.18997,

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.