Are we gonna see the price taking out channel to the downside?

British Pound / U.S. Dollar (FX:GBPUSD)

Updated

FX:GBPUSD British Pound / U.S. Dollar

It is obvious that we are in a s strong downtrend , each time the price breaking channels and wedges to the downside .. lets see if we're going to short this .. good luck

Comment:

Be ready for another crash

Comment:

breakout occur , sell limit order at 1.2500 with SL at 1.2745
1st target 1.2321 ..2nd target 1.2084..3rd 1.1903
good luck

Comment:

so far everything is working great ,price took sell limit order and now in profit

Comment:

first target reached..

Comment:

more than 200 pips in profit so far..

Comment:

2nd target reached ..

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.