Paun British / Dolar A.S.Panjang
GBP/USD: long position at the flag breakdown line
Well, look at this. What do we have? If you look at D1 chart, you will see a great up trend movement. But now the price has some resistance at 1.42000. Also we have some support area from 1.36750 to 1.35700. All it looks like we are getting close to go down. But remember from what we had start.
Right, up going trend. And I want you to see this interesting channel, which is not just a channel. This construction on D1 looks like flag and this down going flag on up going trend means, that the price probably will continue the movement to the new peaks.
Yes, the correction by Fibo levels is not so deep(close to 70%), but, in my opinion, it is good trade for buy.
The position can be hold for the new peaks or closed near 100% Fibo level near the resistance line.
Right, up going trend. And I want you to see this interesting channel, which is not just a channel. This construction on D1 looks like flag and this down going flag on up going trend means, that the price probably will continue the movement to the new peaks.
Yes, the correction by Fibo levels is not so deep(close to 70%), but, in my opinion, it is good trade for buy.
The position can be hold for the new peaks or closed near 100% Fibo level near the resistance line.
Penafian
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