GBPUSD in new ascending channel and more fall after breakout
We talked about the ascending channel and how they work for example here we are in strong and great downtrend and bearish market ,ascending channels like previous time are short-term rise and after breakout to down side market continue falling .
we may expect rise here and again touching channel height or soon breakout and great amount of fall is expected after that .
so for now best plan is to respect channel: <<buy low and sell high >> until it breaks
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
we may expect rise here and again touching channel height or soon breakout and great amount of fall is expected after that .
so for now best plan is to respect channel: <<buy low and sell high >> until it breaks
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
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