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KaltoireCapital

GBP/USD Downtrend continues as expected

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
KaltoireCapital Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdshort gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea gbpusdlong
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trendanalysis chartpattern beyondta gbpusd gbpusdshort gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea gbpusdlong
Ever since the 1.25 support broke in GBPUSD it has been a good sell. In my prior GBP/USD ideas, I advocated selling GBPUSD on every pullback.
GBP/USD retests broken support; Sell Continuation Expected
GBPUSD has also broken the 1.2330 level and price has settled firmly below it.
So, the best way to trade GBP/USD is to enter fresh sells on any pullback and target the 1.21 area as the final TP.
Comment:
snapshot
This could be a good sell entry here
Trade active:
Sell executed at 1.2343

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