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GBP/USD Arrives at Bottom of Downtrend Channel

Discussion in 'Technical Analysis' started by Kaitlin, Dec 31, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    4 hour The GBP/USD is at the bottom of the downtrend channel, which could be used to enlarge the wave 4 (blue) correction. If price manages to break below the support (green), then a wave 3 (pink) continuation could occur. 1 hour The GBP/USD is most likely in a wave 4 (green), unless[​IMG]

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