GBPUSD in new ascending channel and more fall after breakout

7 באפר׳ 2021

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.


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