UnknownUnicorn3360638

GBPUSD Channel breakout and retest 300 pip move

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
GBPUSD Channel breakout and retest

Confluences

1. Break of descending trendline and retest of key area.
2. wait for rejection of 61.8 fib level on lower timeframes before entering

COVID 19 causing choppy movements so be careful with this one . Great risk reward .
Comment: stops were moved to lower blue line below horizontal support region

Comments

next stop is 1.20-1.22
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@AdeOluseun, yes i believe so
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Hi

I went long to quick, should I stay and or wait
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@Zakiya1, Hi there it seems price might be re testing its previous support area. I have just been stopped out but i am currently sitting on my hands waiting for a re entry.
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