channeltrader
Long

GBPUSD Long (Not a trade idea)

FX:GBPUSD   British Pound / U.S. Dollar
254 views
4
Saw quite a few calls for a H4 Head&Shoulders trade. But channels have taken a different turn. Even I had to get out of my short positions quickly after the new channel emerged. Targeting 1.70850 from a retest of 1.70271.

Risk to the idea is the 170505 level which must be cleared and successfully retested.

Comments

Yes, it's bullish and a very nice study.
Reply
channeltrader ForceFollower
Yea but this is not what I expected... trying to build rationality into an irrational market!!!
Reply
ForceFollower channeltrader
Nothing wrong with what happened. There's probably a new channel going to develop to the upside.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out