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orvilleawright

BEARISH GBPUSD DAILY: In shallow down channel

Short
Sterlina / Dollaro (FX:GBPUSD)  
orvilleawright  
FX:GBPUSD   Sterlina / Dollaro
dailyoutlook orville wright Bearish Patterns SELL Descending Channel Ascending Channel price-action Candlestick Analysis GBPUSD support Support and Resistance
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dailyoutlook orville wright bearish sell descendingchannel ascendingchannel price-action candlestick gbpusd support supportandresistance
Nov 3 2015: BEARISH GBPUSD DAILY: In shallow down channel
(Analysis Based on DAILY chart)

Observations
1. Price in a shallow short term down channel
2. If price breaks upwards, larger up channel could form
2. RSI close to 50
3. Price just below SR zone

NOTE: Wait for price action to confirm the importance of this level.

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Idee correlate

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BULLISH GBPUSD 1 Hour: Buy support; Sell resistance
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BULLISH GBPUSD 4 Hour: Bearish BAT pattern
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Slightly BULLISH GBPUSD 4 Hour
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Nov 3 2015: WEEKLY GBPUSD in consolidation
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