Hello traders.
GBPUSD has come down very sharply and broke down trendline. No need to rush in order to take any short trade. Wait for a correction, then sell it. Down move can be C wave inside of daily X correction, or it can be weekly down impulse. It is not clear yet. Here is my medium-term expectation.
GBPUSD has come down very sharply and broke down trendline. No need to rush in order to take any short trade. Wait for a correction, then sell it. Down move can be C wave inside of daily X correction, or it can be weekly down impulse. It is not clear yet. Here is my medium-term expectation.
Note
It's making a correction, but the pattern is not clear. If it breaks the trendline, I will take short trade. I hope it will make nice correction first.Note
I have put an entry order.Trade active
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.