Trend: Ranging
Structure: Descending parallel channel
Plan: We have identified a descending channel in GBPUSD. It has also started to form a resistance level. We look for price to bounce off either upper resistance or upper trend line and move down to 0.6 Fib level
Structure: Descending parallel channel
Plan: We have identified a descending channel in GBPUSD. It has also started to form a resistance level. We look for price to bounce off either upper resistance or upper trend line and move down to 0.6 Fib level