Hi Fellow Trader,
GBPUSD is having a Flat Channel Correction on the Wave 4.
The 2nd down leg is not finished and price has a possibility to fall till the bottom line of the pattern.
Despite it is risky, with good management Short Term Sell trade can be initiated on good bearish price action.
If price will reach bottom look for buy opportunities from the bottom.
Manage well.
Good luck,
9
GBPUSD is having a Flat Channel Correction on the Wave 4.
The 2nd down leg is not finished and price has a possibility to fall till the bottom line of the pattern.
Despite it is risky, with good management Short Term Sell trade can be initiated on good bearish price action.
If price will reach bottom look for buy opportunities from the bottom.
Manage well.
Good luck,
9
Trade closed: target reached