"Trade Idea" on GBP/USD by ThinkingAnts
1H CHART EXPLANATION:
Here are both short and long scenarios that we explained on the 4H chart. Of course this forecast is not perfect but it is the idea, in the case of the long trade we will wait to the Descending Channel to be broken, and then a correction to take long positions. And the short trade, we will wait to the Support Zone to be broken and then a consolidation below, it can be a corrective pattern such as a flag/triangle/pennant to place short trades.
4H CHART:
Here are both short and long scenarios that we explained on the 4H chart. Of course this forecast is not perfect but it is the idea, in the case of the long trade we will wait to the Descending Channel to be broken, and then a correction to take long positions. And the short trade, we will wait to the Support Zone to be broken and then a consolidation below, it can be a corrective pattern such as a flag/triangle/pennant to place short trades.
4H CHART:
