GBPUSD: an descending channel on the top
Traders,
There is a great chance that GU is forming an descending 5-wave channel on the top.
Now this is wave 2 for a correction back to the neckline of the top.
More down to 1.2756 as tp1, 1.26 as tp2.
Less is more!
There is a great chance that GU is forming an descending 5-wave channel on the top.
Now this is wave 2 for a correction back to the neckline of the top.
More down to 1.2756 as tp1, 1.26 as tp2.
Less is more!
Trade active
Comment:
short trade entry 1.2920
Comment:
50 pips for now.
Trade closed manually
Comment:
this channel is not working like we expected.
so we closed this trade manually.
so we closed this trade manually.