Yahia.Awes
Short

Wauw that is a steep wedge

FX:GBPUSD   British Pound / U.S. Dollar
73 4 6
The steeper the wedge the more it plunge, GBPUSD             looks like it wants to test the resistance line it has fallen from and then plunge more.

Another short pending at 1.56 for me to take this one down! See 4h timeframe to understand.
snapshot

Expectation:
snapshot
Final target could be 1.50 before coming up again, there it might find channel support.
Always good to take partly profit and sl at breakeven.
Reply
Yeah, that is a REALLY steep wedge you got there! Would take a lot of effort to climb that steep! But you know what? I think we got the same idea about where it's headed. Maybe just not the same road....check it out....
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EverythingForex PRO EverythingForex
Short term drop and then a longer term climb back up......
Reply
Yahia.Awes EverythingForex
Nice confirmation from another trader with another technique.
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