GBPUSD hit target after a second entry

FX:GBPUSD   British Pound / U.S. Dollar
249 1 4
Last week I was looking for the short in GBPUSD             towards 1.426 zone. See my previous post.

However the first trade got stopped out at Break-Even but the structure didn't change and I therefore re-entered at the next signal.

Now I have a bearish and bullish scenario with FOMC on the agenda later today. I favor a bullish move but will trade what I see. I like to see a break out of this corrective structure followed by a consolidation for the next high probability trade.

Updates will follow.


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