SyedZaeem

SyedZaeem

GBPUSD started moving in ascending parallel channel, soon it's going to test the lower trend line, if it bouce back from there with a good candle, possible trade setup can be as follow: Buy: 1.15703 SL: 1.5424 TP: 1.16475

SyedZaeem

GBP is under a parallel channel and testing major support area right now that was respected back in Mar 2020. There are two possible scenarios. Either it will make a reversal or will get a breakdown. Both can be powerful. Watch the following levels: Reversal Plan Buy: 1.14478 SL: 1.14164 TP: 1.15490 Breakdown Plan Sell: 1.14085 SL: 1.14275 TP1: 1.13657 TP2: 1.12978

SyedZaeem

Price action moving in descending parallel channel, reached the significant support zone. Watchout for reversal or breakdown. Reversal Plan Buy: 0.99187 SL: 0.99005 TP: 0.99584 Breakdown Plan Sell: 0.98970 SL: 0.99151 TP: 0.98612