Tuesday, April 23, 2013

GBPUSD Consolidation Channel

myfxvoyage.blogspot.com GBPUSD H4 Channel
Currently price is trading near to big support/resistance level. Previous post and chart [here].

Price is moving in ascending channel and looks like price is creeping up. As long as price remains within the channel, it calls for more upside. 

My strategy is to go long near the lower trendline of channel and short on touch of upper trendline.

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