EverythingForex

CANCELLED TRADE: GBPUSD: BUY@1.52522 Completed Bullish Deep Crab

FX:GBPUSD   Pound Sterling/U.S. Dollar
569 0 10
This trade never triggered as prices never got down to where I placed the lower trend line of the channel. But as you can see, prices respected the bullish crab and have now reached almost half-way to the top of the channel. So I am cancelling this trade because even if prices do end up coming down to my buy point now, it would be for a different reason and a different setup. For now, I am going to just watch the price action and see what develops.

I am still bearish on this pair as per my last analysis (see Related Ideas: "ANALYSIS: GBPUSD: Now Come The FALL! But It's NOT the BIG ONE!") though that trade setup in that analysis was also not valid anymore. The longer term outlook I believe is still good. In fact, I will be looking to find a bearish setup.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out