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Nothing new here, trading inside a descending channel
British Pound / U.S. Dollar
Short
Nothing new here, trading inside a descending channel
By VIP_Trading_Technologies
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Updated
Oct 19, 2021
5
Oct 18, 2021
My target remains unchanged as long as we continue trading inside this descending channel.
Fundamentally speaking it seems well supported too but should the UK starts hiking interests it will be a completely different story.
Mind that UK has plenty of Covid cases again, over 40k new cases daily.
Cheers.
Oct 19, 2021
Trade closed: stop reached
We are trading off the channel and I would call it off to be safe.
Trend Analysis
VIP_Trading_Technologies
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