Our previous two trades on GBPUSD went perfectly, where we took profit taking a long from support to resistance, and a short after price broke below support.
GBPUSD is currently in a downtrend channel, so all plays should be short for the moment.
We remain bearish on GBPUSD as it heads towards the Major Support level.
A breakout through the trendline may provide a quick trade.
Trading Ideas:
Short GBPUSD within trendline
Trade a breakout of trendline
GBPUSD is currently in a downtrend channel, so all plays should be short for the moment.
We remain bearish on GBPUSD as it heads towards the Major Support level.
A breakout through the trendline may provide a quick trade.
Trading Ideas:
Short GBPUSD within trendline
Trade a breakout of trendline
