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orvilleawright

NETURAL GBPUSD 15 Min;Sell channel top; Buy channel bottom

British Pound / U.S. Dollar (FX:GBPUSD)  
orvilleawright  
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD 15min orville wright consolidation consolidationzone bulltrap support Support and Resistance price-action neutral
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gbpusd 15min orville wright consolidation consolidationzone bulltrap support supportandresistance price-action neutral
Nov 16 2015: NETURAL GBPUSD 15 Min;Sell channel top; Buy channel bottom
(Analysis Based on 15 Min chart)

Observations

1. Price in short term bullish channel (broken and retested);
2. Price consolidating after a brief up move

NOTE: Wait for price action to confirm the importance of this level. Sell bull traps at consolidation top. Sell break and close below consolidation bottom on retest. Buy consolidation bottom.

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