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GBPUSD is reaching its parallel support after huge drop in price

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Hi traders,

GBPUSD is touching its parallel channeling support.

Although the overall trend is still very bullish, the big downside movement could give us a signal that reversal trend will happen soon.
Therefore, I will put conservative trade with target price in its Fibonacci retracement 0.5 and stop loss 10 pips from the support.

Good luck!

Happy profit

Dagangan ditutup: hentian tercapai
Unfortunately it hit the stop loss this morning.
However, trader should look another confirmation for long position.

Good luck!

Penafian

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