motleifaul
Short

Trading range has been left

FX:GBPUSD   British Pound/U.S. Dollar
62 3 0
Once the trading range has been left it doesn't very matter that we retraced into it again. The downward channel has been confirmed by the break of the range and so we may see a test towards the lower border of the channel now.
Seems that it wasn't to early, but my stopp was to tight overnight. So I leave this experiment. Perhaps I will revert on this later.
Now it seems that the target red line will be reached but the remainig profit potential is to few for me.
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I think its to early. Maybe a test of 1.55-1.56 before lower. i'm basing this on EW count and possible inverted H&S
snapshot
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Not to forget: Thanks to amneh for the initial idea.
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