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GBPUSD Sell Signal - Channel Rejection

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
cvfxwealth  
FX:GBPUSD   British Pound / U.S. Dollar
Support and Resistance Parallel Channel sellsignal GBPUSD DJ FXCM Index brexit
5
3
supportandresistance parallelchannel sellsignal gbpusd usdollar brexit
GBPUSD has been ranging in this upwards channel since December with a bias to the south side. The top channel has just been hit and rejected price.

We have a broken up trend line on the 4hr and strong bear candlesticks as secondary confirmations. Look to enter at current price area of 1.3785-1.3850 and take profit at the bottom of the channel.

Good luck and let me know if I can help in any way.

Charles V
CVFX Management
Trading made Simple
Jan 2021: 14%
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