Good day Forex traders.

The fall in price in the 1 hour chart below is rather fast and furious. GBP-USD-26th Nov - 1Hr ChartI am expecting this to go back up into the channel. I will initiate a long position at 1.6543 with a stop loss at 1.6493, a 50 pip stop loss point. My take profit point is around 1.665, nearly a 100 pip gain.

Lets see whether this works out.

~ Ardy

Singapore Forex Blog