GBPUSD 4hr:
• Price broke through 1.2646 + ascending trendline now waiting for the retest of 1.2646 before we sell.
• I still think this pair will move a little lower to form a new low before going up for a retest.
• Price broke through 1.2646 again to the upside after a gap up from market open, do now expect price to go up to yellow area of resistance the sell from there.
Trade active
Comment:
First Take profit hit +25pips
Trade closed: stop reached:
taken out at break even