GBPUSD - Will it break bullish Channel?

2019-11-02 00:35:00

Reasons to follow the pair:

Possible:
a. Channel (Trend-line) break down
b. Previous short-term support break down
c. Fibo 23% break down
d. RSI 50 bearish cross
e. Momentum 0 bearish cross

Notice that none of the break downs (a, b & c) happened yet.
We are watching the pair

Stop could be above the previous resistance.
Take profit could match Fibo Ret. 62%
Reward/Risk equal to 1


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Good luck