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British Pound / U.S. Dollar
Short

GBPUSD: Potential Short

By VasilyTrader
Updated
snapshot

hey traders,

rising wedge formation on GBPUSD.
though the pair has broken below the support line of the wedge,
I am paying close attention to 1.296 support of a narrow horizontal trading range.

I will sell the pair in case of bearish breakout of the range.
Target levels will be:
1.29
1.28
Trade closed: target reached
good drop
protecting our position setting stop to breakeven
Chart PatternsdollarForexGBPGBPUSDpoundpoundsterlingtradingTrend AnalysisUSDUSD (US Dollar)Wave Analysis
VasilyTrader
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