GBP/USD has just completed it's pattern from a monthly perspective. Currently also testing monthly resistance. From here we will be monitoring this market from a 4h perspective, waiting for the market to shift from a bullish market to a bearish market. If it provides us one of our valid entries we will be taking a short to around 1.33385 area of support. Do remember that the market is currently at support from a 4h perspective and also above the counter trend line. Getting the entry right is key to this trade being a win or a loss. If the market should reject from the counter trend we will be monitoring and closing our position if the conditions in the market change, but if the market should break this trend line we will be riding the trade to the targets. ALWAYS do your own analysis before jumping into a trade!! Remember to use money management and a PROVEN working strategy.
Order cancelled:
Entry never provided