Hello traders.
GBPUSD has come down very sharply and broke down trendline. No need to rush in order to take any short trade. Wait for a correction, then sell it. Down move can be C wave inside of daily X correction, or it can be weekly down impulse. It is not clear yet. Here is my medium-term expectation.
GBPUSD has come down very sharply and broke down trendline. No need to rush in order to take any short trade. Wait for a correction, then sell it. Down move can be C wave inside of daily X correction, or it can be weekly down impulse. It is not clear yet. Here is my medium-term expectation.
Comment:
It's making a correction, but the pattern is not clear. If it breaks the trendline, I will take short trade. I hope it will make nice correction first.
Comment:
I have put an entry order.
Trade active
Trade closed: stop reached
