GBPUSD: Trend Line Retest Trading Plan
Updated
GBPUSD broke a strong rising trend line on 4H yesterday.
Now we see its retest.
On 1H chart the price has formed a double top formation with a lower high.
1.365 is its support. Wait for an hourly candle close below that, then sell aggressively or on a retest.
Goals:
1.3615
1.358
In case if we see a new higher high on hourly, the setup will be invalid.
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Trade closed: target reached
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