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OwlswiftFX

Trendline and Fibnonacci in play

Short
Sterlina / Dollaro (OANDA:GBPUSD)  
OwlswiftFX  
OANDA:GBPUSD   Sterlina / Dollaro
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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Idee correlate

OwlswiftFX
Fib ratio of GU movements
OwlswiftFX
Channel bounce
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