GBPUSD Breakout Signals A Sell Off

FX:GBPUSD   British Pound / U.S. Dollar
Price has broken below a long term corrective structure, something which signals a potential selloff. We should now wait for a correction before watching for any sell setups. This correction may begin at the bullish bat pattern completion (I am not interested trading this pattern).

Price may retrace to test the broken level and there would should watch for our sell setup.
Comment: Bat pattern has completed. I won't trade this pattern, as i am interested on selling this market after a pullback.
Comment: The bat has pushed price back to the broken line. We should now watch for a sell setup. I have posted a new chart on this pair

Keep up the good work.
Fxprotrader -Andrew-
Thank you Andrew
Looking same like your view. . .
Fxprotrader Dhaval_Bhorania
Very nice..!
+1 Reply
Could be a perfect scenario:-

I live in the UK and my 3-week vacation to the US starts 21st June.

It drops like a stone pre-Brexit: the referendum vote keeps us in the EU and it shoots up like a rocket whilst I am on holiday.
Nobody knows what will happen..! The most likely scenario to happen is that you will enjoy your holidays in US.. :)
Your view is the most complete among all other posts , many thanks for it.
Fxprotrader nawras.elghorani
Thank you for your kind words. I try to keep it very simple for everybody to have a clear view..!
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