Trend: Ranging
Structure: Flag / Horizontal channel
Plan: For the last month GBP USD appears to have been trading within a tight horizontal channel.
We can expect price to respect lower boundary and move towards the upside with TP at previous high (or 0.5 Fib Level).
Structure: Flag / Horizontal channel
Plan: For the last month GBP USD appears to have been trading within a tight horizontal channel.
We can expect price to respect lower boundary and move towards the upside with TP at previous high (or 0.5 Fib Level).
