As we all know "TREND IS OUR FRIEND"
GBP/USD is in down trend in Daily and 4 Hour Time Frame. And the price is getting rejection on FIB 61.8% Level.
In 1 hour it has made bearish Flag pattern and also in 15 min Time Frame it is trading in
parallel Channel Pattern. So Will look for breakout of this channel and then We'll go short on GBP/USD.
And Targets will be
TP 1 : 1.22000
TP 2 : 1.21500
TP 3 : 1.21000
Happy Trading...!!!
GBP/USD is in down trend in Daily and 4 Hour Time Frame. And the price is getting rejection on FIB 61.8% Level.
In 1 hour it has made bearish Flag pattern and also in 15 min Time Frame it is trading in
parallel Channel Pattern. So Will look for breakout of this channel and then We'll go short on GBP/USD.
And Targets will be
TP 1 : 1.22000
TP 2 : 1.21500
TP 3 : 1.21000
Happy Trading...!!!