GBPUSD : ANTICIPATING A LONG POSITION

Descending channel with a possible double bottom and if the double bottom is realized, I will wait for a bullish impulse followed by a corrective structure before taking the trade while targeting the top of the channel.

Yorum:

Now waiting for a corrective structure

Yorum:

As a result of the corrective structure being formed, a buy stop is placed with entry above the corrective structure, stoploss a bit below it while targetting the top of the descending channel .