GBPUSD 1 H Channel Break

1 ago 2017

Pair is in a range box. Price may break out long for continuation trade. Most likely it will take a break and return to the bottom of the channel. When it breaks the bottom of the range box -Break-Hook -Go entry to the bottom of the channel. There take 1/2 position off and be prepared for a continuation short re-entry or a pull back into the channel long entry. Price will be at the 50# so it may hesitate here. If short continuation price should go down to the next resistance /support level as a TP.
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2 ago 2017

Nota

Pair has moved sideways so price is getting closer to the 50 sma. Macd is falling closer to the 0 line. If the macd falls below the 0 line that should pull price below the 50 sma and move towards the 100 sma.