KhaleemAli
Long

GBP/USD LONG - Hammer/4HR Resistance/Weekly Potential

FX:GBPUSD   British Pound / U.S. Dollar
33 0 7
The price has not yet hit its weekly resistance level , so still has potential to reach this, yes it has broken out of the ascending wedge , however, it has met support at the 4HR level thus has created an indecisive hammer , usually occurring when the price is about to reverse. I have taken out the trade based on the 4HR timeframe and i believe price will reach a minimum of the next 4HR resistance where i have placed my TP.

TP @ 1.2593
SL @ 1.24847
R/R @ 1.72
Trade closed: stop reached: No idea why i took this trade. Traded off emotion. Confluences were pointing down,it just broke out of the trend line.
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