GBPUSD Daily Time Frame: Short?
Updated
Based on my chart analysis it goes down from 1.2750: TP 1.24 and SL 1.2840.
Comment
What is the next?Comment
TP changed to 1.25100 due to the potential of forming a new pattern.Comment
One more sell opened at 1.2610 for 200 pips profit and with very tight SL. Lets see!Comment
Let's update the chart and see what happened after we got the fundamental data.The price is in the consolidation phase and channel formation stage. Since this parallel channel or rectangle is considered a continuation pattern, the downward trend is expected to continue after the channel break. Lets see what will happen.
Trade closed manually
Closed manually at 1.2490Disclaimer
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