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OwlswiftFX

Trendline and Fibnonacci in play

Short
Livre sterling / Dollar américain (OANDA:GBPUSD)  
OwlswiftFX  
OANDA:GBPUSD   Livre sterling / Dollar américain
Trend Analysis Chart Patterns Wave Analysis GBPUSD forexsignals gbpusdsignal
12
5
trendanalysis chartpattern waveanalysis gbpusd forexsignals gbpusdsignal
The chart is pretty explanatory! All trendlines point to one point on the chart. TP 1.2970

snapshot
Looking at this daily chart, you will observe that anytime the price is rejected at the upper orange trendline, it consolidates to touch the lower orange trendline. I see the same scenario happening here after the price is rejected at the top orange trendline on Nov 11th.

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Idées en relation

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Fib ratio of GU movements
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Channel bounce
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