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Descending Channel

GBPUSD is currently trading in a descending channel. A breakout of this channel will signify a bullish impulse. However, we'll take advantage of the current range. Short at resistance and long at support. SL should be just slightly above resistance and below support.

註釋

GBPUSD is steadily following the channel. A breakout will signify a bullish impulse. However, We will take a short trade with TP at the bottom of the channel and SL just above the channel breakout.

交易進行

Alright, it is time to go short once again. Place stop loss just above the channel breakout. TP is 1.343

交易進行

It's time to go short. GBPUSD has returned to the channel. It would most likely rally to the bottom of the channel in the coming days.

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