Long Term View for this week

FX:GBPUSD   British Pound / U.S. Dollar
73 3 2
As my short position wasn't triggered yesterday. I'm going back to my unpublished draft from last weekend where the price action seems to agree with better as a daily green candle printed. Might be a bullish engulfing but I'm not sure.

(Note to self: I'm really not good with short term analysis. Just leave scalping to the pros.)
Price just broke out of the said pennant and flag. I think my recently added 2nd lot @ 1.568 stop loss is safe and it has been moved to 1.566
My history of adding to positions is quite unsatisfactory but here I go.
There's a pennant/flag forming in the 15 min chart.
Great! This perspective seems to be the most accurate for me.
+1 Reply
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