FX:GBPUSD   British Pound/U.S. Dollar
271 2 8
As GBP Reached the Down Trend
i expect a drop in the price that will Create a 3 drive corrective action before the price
keeps on going on the same direction to reach the 1.5860 where there is a supply Level there
will wait the action there to decide the market direction from it
as for the current situation i am short on GPB to reach the 5350 as target from there will stand a side waiting
To go long again
mhabash15015
a year ago
Hello sir

I opened short deal at price 1.5300 and price has gone up to 1.54261 What should I do

Close the deal on the loss or wait to Decline to reach the 1.5070 price as in the drawing above.


please tell me
Reply
issam.istanbuli mhabash15015
a year ago
you better wait the break out confirmation for this pattern for the price to go up
other than that the price is still in holding that might retrace down one more time before the break out
now back to the 5070 its an expectation so don't expect price to reach it by the pip u what u need to care about is the pattern the price is moving inside it
Reply
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