GBP weekly chart
GBP/USD Daily chart
Closer look at GBP/USD 1HR chart
On the 1hr chart we can see a clear channel breakout out on the top of the daily channel border which makes a big slide in the price .
For the next week ill be looking to take a s…
- broke the upper channel line
- 5 fail weeks to hold above 1.66, this make the probability for retracement very high
GBP/USD Daily chart
- price moved 100% after breaking the channel
- Price still holding highs and making another channel, usually that's a signal of weakness
Closer look at GBP/USD 1HR chart
On the 1hr chart we can see a clear channel breakout out on the top of the daily channel border which makes a big slide in the price .
For the next week ill be looking to take a s…