GBPUSD Double Bottom

By MarcusHN
Updated
Risky trade as price is still consolidating in the region. Entry is based on Double bottom. Price melted yesterday and is now consolidating. A good guess would be insitutions taking profits. Which means orders are taken out and price is likely to go back up to fill orders. However, this is a counter trend trade so I'm taking profits at the next resistance level which is at 1.4146
Comment
Stops move to Breakeven
Trade closed: target reached
Chart PatternsTrend Analysis

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