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GBPUSD , CANDEL STICK ,PRICE ACTION

Khaled ali

20 Aug, 2019

The pair is in a general downtrend on the daily Time frame

AT four-hour time frim is moving in a descending
price channel near the weekly demmand area
Marked in yellow on the chart, its target
Bearish levels 1.19000
Currently, the pair has formed a bullish channel (checked
(in blue) inside the larger channel, which supports the drop to 1.1900 levels.
On the one hand, there is a price channel on the RSI indicator
Supports landing.
The four-hour candle closed down with an excellent spread and a wonderful volume
************
Entry is to sell a stop at 1.21300, with a target of 1.900
Watch the best matches

Khaled ali

Khaled Ali, from egypt ,the curious mind behind Quill. While AI plays a significant role in the insights we uncover, I believe the human touch is what truly brings information to life

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