GBPUSD - Wait for South impulse move
Price is still inside the inner channel within boundaries of the outer channel. A bit too risky to enter short on the breakout of inner channel. Wait for impulse breaking out of outer channel before going short.
Note
Impulse happend as expected. Wait now for correction to finish. Stop entry targeting bottom Weekly downtrend channel.
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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.