GBPUSD Finally broken down
Just like EU it broke Daily uptrend long ago and retested many times but is moving downtrend slowly.
It finally broke triple bottom pattern with Head and Shoulder pattern. Waiting for retracement to 61.8 level to enter short.
As you can see on the chart it has been making LH LL LH LL and 61.8 level would be new LH.
Trade is invalid if it breaks the minor resistance level above 78.6 level.
Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not move SL to BE too early. I recommend to move SL to BE after 20 pips in profit for risk free trade.
It is your choice to get in retracement trades as I only trade with the trend.
It finally broke triple bottom pattern with Head and Shoulder pattern. Waiting for retracement to 61.8 level to enter short.
As you can see on the chart it has been making LH LL LH LL and 61.8 level would be new LH.
Trade is invalid if it breaks the minor resistance level above 78.6 level.
Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not move SL to BE too early. I recommend to move SL to BE after 20 pips in profit for risk free trade.
It is your choice to get in retracement trades as I only trade with the trend.
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