Hey fellow traders, this chart shows some specific long positions and XABCD patterns.
The GBPUSD-0.26% is in a corrective structure. A short term sell setup is in play.
Price has broken above the falling wedge pattern it moved, and it's now consolidating above the broken upper bond of the pattern. We might have a deeper correction and buying the 0.618 fib level of the impulsive wave which broke the wedge is a very nice idea